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Billabong posts $275.6 million loss

Updated: August 29, 2012, 5:59 PM ET
By Keith Hamm | ESPN.com

Even as surf apparel giant Billabong wrapped up another successful live webcast from Tahiti earlier this week -- with viewers worldwide treated to a high-scoring final at near-perfect Teahupoo -- the company's voyage through uncertain economic seas during the past year hit another rough patch.

On Monday, Billabong International, which has been traded on the Australian Securities Exchange for 12 years, announced an unexpectedly large $275.6 million loss at the close of the fiscal year ...

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