Billabong posted net earnings of A$87.0 million(US$62.1 mm) vs. A$76.2 million, on an 8% rise in revenues to A$679.8 million(US$485.6 mm) for the year ended June 30. Gross margin hit 49.0% vs. 45.8%.Turnover grew 7% in the Americas (30% in constant dollars) to A$323.1 million(US$230.9 mm) as EBITDA for the region increased 9% to A$60.9 million (US$43.5mm). In Europe, turnover increased 5% to A$158.9 million (US$113.5 mm) asEBITDA rose 1% (8% in constant dollars) to A$28.8 million (US$20.6 mm). Italyand Germany were cited as the strongest performing countries for the company.In Australasia, revenues were 14% higher at A$192.7 million (US$137.6 ... Log in to view full article.