Rubbish, they do not. Nearly all their revenue comes from China, those contracts are in $USD. They have little to no earnings outside China, there is no natural hedge of any material size. I understand how 'natural' hedges work.
You can actually see the impact starting in the last activities report where the move in the $US is noted This is the direct quote from page 3 of the document filed with the ASX on the 13th of July :
The Company achieved the Q4 results despite ~$287K foreign exchange losses and ~$123Kcapital growth spending on components for product manufacture and sale in FY 2021.
So either the company is telling porkie pies in their published data or they are to you.
Either way its not impressive.
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