Comprehensive net income at the action sports company declined 15% to A$8,462,000 ($6.0 mm) from A$9,958,000 for the fiscal year ended Jun. 30 on 8% higher revenues of A$159,143,000 ($113.7 mm) up from A$147,726,000. Excluding foreign exchange differences and other comprehensive items, net income was off just 3% to A$8,197,000. Gross margin was down 150 basis points to 46.2% from the impact of the stronger US$ on margins in the Australian business. Sales in the home market ... Log in to view full article.