Net loss more than quadrupled to NZ$415,959,000 ($243.3 mm) for the fiscal year ended July 31 from NZ$95,058,000, with an NZ$462,658,000 impairment expense, as sales grew 7% to NZ$1,053,019,000 ($615.8 mm) from NZ$989,015,000. It’s been a difficult year for KMD, but as the business shows signs of recovery, the company’s board said it will entertain offers for all or part of KMD Brands and is reportedly being courted by at least three suitors. It already attempted to sell off the 40-door Ozmosis urban surf retailer banner, but no buyers were interested.

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