Net income at the Australian action sports company rocketed up more than five fold to A$33,721,000 ($25.9 mm) over A$6,101,000 for the fiscal year ended June 30 on a 76% boost to the top line, hitting A$266,629,000 ($205.1 mm) from the prior year’s A$151,722,000. Gross margin contracted 600 b.p. to 37.6%, while EBIT saw a 540% surge to A$46.7 million with margin improving 1,270 b.p. to 17.5%. Sales were driven by the four main brand pillars of FXD, Impala, Salty Crew and Globe hardgoods. Adjusted for constant ... Log in to view full article.