See note 4 to the accounts: the movement in the FX expense/(gain) between the two half year periods was $15million. Repeat $15million. That is, like for like, the business has grown earnings compared to the prior period despite a net headwind to ebitda of $15million. This is quite a significant achievement.
The foreign exchange reserves account is now in credit by $4.7m, to be released to profit in future periods.
SFH Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
