Other side of the coin; Netcomm hit by falling dollar

Junior telco Netcomm warns of forex losses as a result of the slide in the Aussie dollar

The market may be mulling the positive implications for the falling Australian dollar, but Netcomm’s (NTC) profit warning this morning shows the exchange rate is a double-edged sword.

 The wireless equipment maker cut its 2012-13 earnings before interest, tax, depreciation and amortisation (EBITDA) forecast by a third to $800,000, blaming the 6% drop in the local currency to around 91 US cents for the disappointing news.


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