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Kindred Group - Exchange Rates for the Second Quarter of 2017
[July 03, 2017]

Kindred Group - Exchange Rates for the Second Quarter of 2017


VALLETA, Malta, July 03, 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 7-8 per cent in the second quarter of 2017 compared to the same period of 2016.





 

Balance sheet rates:








 

Rate to GBP 



 

30-Jun-16

 

30-Jun-17

 

YoY Delta 

 

SEK



 

11.403

 

10.963

 

3.9%

 

NOK



 

11.253

 

10.885

 

3.3%

 

EUR



 

1.210

 

1.137

 

6.0%

 

DKK



 

9.001

 

8.457

 

6.0%

 

AUD



 

1.806

 

1.689

 

6.5%








 

Income statement averages for the quarter:







 

Rate to GBP 



 

Avg Q2 16

 

Avg Q2 17

 

YoY Delta

 

SEK



 

11.797

 

11.261

 

4.5%

 

NOK



 

11.847

 

10.888

 

8.1%

 

EUR



 

1.272

 

1.163

 

8.6%

 

DKK



 

9.460

 

8.647

 

8.6%

 

AUD



 

1.927

 

1.705

 

11.5%


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-second-quarter-of-2017,c2301211

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