{"id":2252,"date":"2008-10-28T14:35:24","date_gmt":"2008-10-28T21:35:24","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=2252"},"modified":"2008-10-28T14:35:32","modified_gmt":"2008-10-28T21:35:32","slug":"billabong-up-on-weak-australian-dollar","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=2252","title":{"rendered":"Billabong Up On Weak Australian Dollar"},"content":{"rendered":"<p><strong>Derek O&#8217;Neill<\/strong>, CEO at <strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong>, told investors that the falling Australian dollar is great for company profits, according to a story in <strong><em><a href=\"http:\/\/www.theaustralian.news.com.au\/business\/story\/0,28124,24567757-36418,00.html\" target=\"_blank\">The Australian<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>There has been a dramatic fall in the value of the Australian dollar, in particular against the US dollar and the euro,&#8221; Mr O&#8217;Neill said. &#8220;After so many years of watching the company&#8217;s reported profits eroded by an appreciating Australian dollar, there is now the prospect of strong reported gains from a depreciating Australian dollar.&#8221; . . . Every 1c movement from these assumed exchange rates meant a 0.6 per cent change in profit for Billabong, Mr O&#8217;Neill said.<\/p><\/blockquote>\n<p>And that must make <strong>Paul Naude<\/strong> very, very happy.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.theaustralian.news.com.au\/business\/story\/0,28124,24567757-36418,00.html\" target=\"_blank\">The Australian<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Derek O&#8217;Neill, CEO at Billabong, told investors that the falling Australian dollar is great for company profits, according to a story in The Australian. There has been a dramatic fall in the value of the Australian dollar, in particular against the US dollar and the euro,&#8221; Mr O&#8217;Neill said. &#8220;After so many years of watching [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,6,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2252"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2252"}],"version-history":[{"count":0,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/2252\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2252"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2252"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2252"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}