Rising interest income and falling income expenses. Rising...

Rising interest income and falling income expenses. Rising fee/commission income.
Admin expenses need to be arrested, almost 50% increase there.
If not for 10% lost due to misconduct, we would have outperformed 2023 results.
A better-than-expected result.

PNG runs yearly trade surplus' and imports many inflation setting items such as fuel, rice, vehicles, heavy machinery, meat, iron, steel, and tires.
A stronger PKG should improve the overall economy?

Primary purpose of devaluation is to boost exports, reduce foreign debt and reduce trade deficit.
Exports are naturally on the rise with cocoa plantations becoming valuable on the back of a price surge along with other export commodities.
Trade deficit is non-existent.

Foreign debt is neither low nor high. PKG has naturally devalued on the back of the rising dollar over the last few years, so how much more of this can be done with rising exports/commodity prices?

AUD to PKG is at a low of its 12-year band.
If anything, I would expect a revaluation to the middle of the band, which will increase our AUD earnings and dividend.