VALLETTA, Malta, April 3, 2018 /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 of the Kindred Group's business, it does affect the reported results when translated into GBP.
The weighted average impact of GBP against the Kindred Group's main currencies was a positive impact on Gross winnings revenue of approximately 1 per cent in the first quarter of 2018 compared to the same period of 2017.
Balance sheet rates: | |||||
Rate to GBP | 31-Mar-18 | 31-Mar-17 |
| ||
SEK | 11.755 | 11.142 | -5.5% | ||
NOK | 11.061 | 10.717 | -3.2% | ||
EUR | 1.143 | 1.169 | 2.2% | ||
DKK | 8.519 | 8.694 | 2.0% | ||
AUD | 1.833 | 1.634 | -12.2% | ||
Income statement averages for the quarter: | |||||
Rate to GBP | Avg Q1 18 | Avg Q1 17 |
| ||
SEK | 11.292 | 11.054 | -2.2% | ||
NOK | 10.911 | 10.452 | -4.4% | ||
EUR | 1.132 | 1.163 | 2.7% | ||
DKK | 8.431 | 8.646 | 2.5% | ||
AUD | 1.770 | 1.634 | -8.3% |
This information is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation.
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-first-quarter-of-2018,c2486724
The following files are available for download:
http://mb.cision.com/Main/824/2486724/815381.pdf |
