ARB 0.98% $38.26 arb corporation limited.

"a dearer AUD would not be good for ARB's bottom line" The...

  1. 3,481 Posts.
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    "a dearer AUD would not be good for ARB's bottom line"

    The opposite is true. From the half year report....

    "Profit after tax was impacted by a weaker Australian dollar, particularly against the Thai baht, which has materially increased the cost of the Company’s Thai manufactured product and negatively impacted on the half year result. The Thai baht persisted at its historically strongest level against the Australian dollar across the entire first half of the financial year. A number of steps were initiated throughout the half year to mitigate against this increased cost which will take full effect in the second half. The Board, however, remains cautious given the inherent volatility of the Australian dollar value against foreign currencies."

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