chart showing breakout imminent, page-24

cafa,
as I said where the exchange rate drop gets muted is in regard to their overseas manufacturing and sales operations and here it is impossible to relate a % currency move to a similar % move in Australian profits.

For example in the US both manufacturing costs and selling costs are in the local currency, USD. Sales receipts are also in USD thus there's a natural hedge and no exchange rate effect for us except in regards to the much smaller nett amount remitted back to the parent in Australia.

It would be a lot different if all product was manufactured here and sold from Australia into overseas markets.

regards, EB