February 23, 2018
With a bit more than a month until the Mar. 29 Scheme meeting to vote on the Boardriders acquisition, Billabong reported a net loss of A$18,400,000 ($14.2mm) in the fiscal first half, against a loss of A$12,971,000 last year on revenues that were 7% lower at A$476,428,000 ($366.5 mm) from A$511,027,000.
The bankrupt retailer is asking the court to approve an $11,000,000 second term loan from 10 Brothers Holdings, an entity controlled by the Sheikh family trust, to alleviate its ongoing liquidity crisis and pay operating and administrative expenses.
At the OR & Snow Show last month, the OIA approved a broad list of policy and advocacy priorities for the coming year.
National parks had 12,164,561 recreational visitors in Jan., down 15% from 14,341,801 last year, while tent camping visits slipped 2% in to 64,604, and backcountry camper visits were also down 2% to 37,284.