Based on those numbers it works out to a 4.5% decrease in there income in US$ compared to last year. However over the same period the AU$ has dropped by 20% and interest rates have dropped.....
So there actaul earnings in AU$ should be up on the previous year.
Would i be correct in drawing that conclusion?
If that is the case why is the share price dropping? People waitign for confirmation? or are they looking to next financial years predictions....
CER Price at posting:
6.0¢ Sentiment: None Disclosure: Held