Original article by Eli Greenblat
The Australian – Page: 23 : 31-Aug-16
SurfStitch reported a loss of more than $A155 million and an underlying EBITDA loss of $A18.8 million for 2015-16. The results of the Australian-listed online retailer included $A99.3 million in impairments to goodwill and aged inventory. Investors abandoned the company, with shares falling $A0.125, or 54.3 per cent, to $A0.105 on 31 August 2016.
CORPORATES
SURFSTITCH GROUP LIMITED – ASX SRF