Surfstitch stocks were placed in a buying and selling halt
whilst the sports activities retail institution prepares to trouble an earnings
replace to traders.
The corporation already slashed its profits steering in
might also, sending its stocks tumbling extra than 50 according to cent to near
their modern value of 40.five cents.
Surfstitch, launched out of a Sydney
garage in 2007, at first forecast full-yr income earlier than hobby, tax,
depreciation and amortisation of at least $15 million however revised that all
the way down to $2 million.
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