The JSE and finance forum for South Africa
General Category => Shares => Topic started by: Moneypenny on January 16, 2014, 10:04:35 am
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Richemont 3rd Q sales missed expectations earlier today.
Sales for the three months ended Dec. 31 rose 3% to 2.94 Billion Euros ($4 billion) from EUR2.86 Billion a year earlier, expectation was EUR3.01 Billion.
Currently trading - 3.45% @ 10278
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The stronger Euro played a huge roll. For example in Japan turnover in local currency grew 13%
but translated to € it fell by 13%. Of the Asian-Pacific markets, only China didn't record growth.
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@ Peter01 , Maybe to late for short ?