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Rakon Profit Eroding

Rakon Profit Eroding

Rakon is continuing to record strong sales growth but the highly volatile and very strong New Zealand dollar is undermining profitability, reports www.headliner.co.nz

Managing Director, Brent Robinson said, "Our underlying global business is performing well however currently our business is significantly impacted by the NZD/USD and NZD/GBP exchange rates.

Rakon disclosed how much the currency is taking off the top of its performance and also updates on earnings guidance – see www.headliner.co.nz

ENDS

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