Billabong shares plunge 15% after annual losses triples

Shares of surfwear maker Billabong have tumbled as much as 15% in Sydney after its annual losses more than tripled. The Australian company posted a net loss of A$859.5m ($777.8m; £495.1m) for the year ending 30 June, compared to a net loss of A$275.6m a year ago. via Pocket http://www.bbc.co.uk/news/business-23845908#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa