VALLETTA, Malta, October 2, 2017 /PRNewswire/ -- The net foreign exchange impact of the Kindred Group's main trading currencies against its reporting currency of GBP is shown in the tables below. While this has no material impact on the underlying development in Kindred Group's business, it does affect the reported results when translated into GBP.
The weighted average impact of GBP against Kindred Group's main currencies was a positive impact on Gross winnings revenue of approximately 4 - 5 per cent in the third quarter of 2017 compared to the same period of 2016.
Balance sheet rates: | |||||||||
Rate to GBP | 30-Sep-16 | 30-Sep-17 | YoY Delta | ||||||
SEK | 11.174 | 10.943 | 2.1% | ||||||
NOK | 10.437 | 10.674 | -2.3% | ||||||
EUR | 1.161 | 1.134 | 2.3% | ||||||
DKK | 8.654 | 8.440 | 2.5% | ||||||
AUD | 1.702 | 1.710 | -0.5% | ||||||
Income statement averages for the quarter: | |||||||||
Rate to GBP | Avg Q3 16 | Avg Q3 17 |
| ||||||
SEK | 11.194 | 10.648 | 4.9% | ||||||
NOK | 10.934 | 10.416 | 4.7% | ||||||
EUR | 1.177 | 1.114 | 5.4% | ||||||
DKK | 8.760 | 8.287 | 5.4% | ||||||
AUD | 1.732 | 1.658 | 4.3% | ||||||
The information in this report is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation, MAR.
For more information:
Inga Lundberg, Investor Relations, +44-788-799-6116
This information was brought to you by Cision http://news.cision.com
http://news.cision.com/kindred-group/r/exchange-rates-for-the-third-quarter-of-2017,c2358830
The following files are available for download:
http://mb.cision.com/Main/824/2358830/730674.pdf |
