The net loss was NZ$ 49,760,000 ($30.2 mm) for the fiscal year ended July 31 against income of NZ$ 35,139,000 prior, as revenues contracted by 11% to NZ$ 979,415,000 ($593.6 mm) from NZ$ 1,102,994,000 at the parent of Kathmandu, Oboz and Rip Curl. The year got off to a difficult start, with H1 revenues plunging 15%, but improved sequentially through H2. Overall gross margin narrowed by 20 basis points to 58.9%, while operating expenses grew by 4% due to a NZ$ 40.3 million Oboz goodwill impairment charge, through both selling expenses ... Log in to view full article.