The parent of Irvine-based action sports apparel maker and retailer Billabong USA saw global revenue of about $401 million in the first half of its fiscal 2016, a 7.6% increase, excluding the impact of exchange rates.
Australia-based Billabong International Ltd., which sells clothing and accessories under its namesake brand as well as Costa Mesa-based RVCA and Element, posted a loss of $1.1 million for the six months through December. That compares to a net profit of $18.3 million for the same period year earlier.
The Billabong brand’s global revenue rose 2.6%. Its sales were up 1.6% in the Americas market and 1.2% in Europe, while its Asia Pacific region revenue grew 4.2%.
Element’s sales grew 9.1%, of which 13.8% came from Europe, 5.5% from the Americas markets and 2.8% from Asia Pacific.
RVCA rose 20.6%, with 15.3% of sales increases stemming from the Americas, 47.6% from Asia Pacific and 63.1% from Europe.
Billabong is traded on the Australian Securities Exchange and has a market value of about $219 million.
