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11:39
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Originally posted by MarsC:
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Per my earlier post, a 10% swing in the AUD can be expected to cause a circa 50% change in annual EBIT (my estimates). Given how thin margins are in H1, I hate to even contemplate what the currency induced noise might be in the H1 period. Trying to give timely/accurate updates for the top-line for H1 must be difficult, for the bottom-line it must be an absolute nightmare - and a meaningless distraction I would suggest (I suggest it tells us next to nothing about H2, and thus what the FY might deliver).
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yes, this is all true
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