CAPITAL MARKETS

Strong dollar savages Iluka's earnings

ILUKA Resources has advised that its forecast full year earnings have been slashed by about half as a result of a soaring Australian dollar.

MiningNews.Net
Strong dollar savages Iluka's earnings

The mineral sands miner said its 2007 full year net profit would be around $A55 million to $65 million, assuming an average exchange rate of US87c, after originally advising earnings guidance of $A90 million...

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