Kathmandu, Rip Curl owner slumps to huge full-year loss

Kathmandu owner KMD Brands announced this month it was closing 21 stores, mostly outside Australia. (Mick Tsikas/AAP PHOTOS)

The parent company of Kathmandu and Rip Curl has posted a shock $NZ93.6 million ($A105 million) statutory loss - its worst in at least a decade.

KMD Brands said when excluding a $45.5 million non-cash writedown of its Oboz footwear business and other items, it still lost $NZ28.3 million on an underlying basis for the year to July 31.