Business Spectator has an article this morning on Billabong’s first half profit announcement. Although profits have fallen 7%, earnings per share will still be between 6% and 10%. The numbers went Billabong’s way as the Aus dollar weakens and the money flows in from overseas the exchange rate can offset, to some degree, falling sales in the US. In addition to the exchange rate, sales in Australasia gained 6.3 per cent! You can check the full article here.