Billabong returns to profitability in the first half of 2014

Billabong International for half-year ending December 31, 2014 said that the group returned to profitability with net profit after tax of 25.7 million Australian dollars (20.1 million dollars), compared to a loss of 126.3 million Australian dollars (99 million dollars) for the previous corresponding period. Excluding significant items and discontinued businesses, EBITDA for the period was a profit of 42.8 million Australian dollars (33.5 million dollars) and NPAT was 13.8 million Australian dollars (10.8 million dollars).