farmboy
(Vale) "We saw a drop in the net income of about $2.9 billion in the quarter mainly driven by a non-cash impact of the depreciation of the Brazilian real against U.S. dollar."
Do I have this back to front. If Vale like all the other major miners earns its revenue in USD, wouldn't the depreciation of the Real against the USD be a benefit to its bottom line? The way I calculate it, an appreciating Real would reduce the amount of net revenue, after conversion from USD to Real.
Flip
- Forums
- ASX - By Stock
- FMG analysis
farmboy (Vale) "We saw a drop in the net income of about $2.9...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$17.51 |
Change
0.020(0.11%) |
Mkt cap ! $54.80B |
Open | High | Low | Value | Volume |
$17.56 | $17.84 | $17.43 | $64.92M | 3.682M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1798 | $17.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.52 | 5553 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 8681 | 17.530 |
12 | 5579 | 17.520 |
7 | 5135 | 17.510 |
11 | 14140 | 17.500 |
11 | 9203 | 17.490 |
Price($) | Vol. | No. |
---|---|---|
17.540 | 2086 | 16 |
17.550 | 10717 | 24 |
17.560 | 7368 | 16 |
17.570 | 9843 | 16 |
17.580 | 22275 | 15 |
Last trade - 12.00pm 18/09/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |