Wednesday, 31 August 2011, 12:58 pm Press Release: Headliner.co.nz
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
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