I think that IFM have currency hedging in place for this year. Looking at this last year, hedging took 2.2% off NPAT. I remember from the last Q & A webcast Frances Heron wouldn't give specifics on how much of their forex exposure was hedged, but would be less hedged, in the future, than before . (sorry can't remember exactly)
Infomedia upcoming results expectations, page-2
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