Billabong's EBIT for last year (15/16) was $57.5m, however its...

Billabong's EBIT for last year (15/16) was $57.5m, however its still made a loss of $8.3m after depreciation and interest charges.


Billabong's EBIT forecast for this year (16/17) was $60-65m but is now, after the Tigerlily sale, between $52-57m.
Interest payments for 16/17 should be reduced over last year (which were $33.5m) as hopefully the $60m they got for Tigerlily has gone to debt repayment (as they stated it would) - but the proceeds from the Tigerlily sale would probably have only been received in the last couple of months and most of the financial year is gone therefore interest charges for 16/17 will still be high and I suspect around $30m. With depreciation for 16/17 at possibly $32m (similar to last year) then I suspect we will still be seeing a bottom line loss for the 16/17 financial year similar to last year.