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Exact(29)
The figures assume constant exchange rates.
All figures are at constant exchange rates.
Operating profits powered 11% ahead to £322m at constant exchange rates (8% at actual rates).
At constant exchange rates, sales were up 8% and earnings rose 12%.
But pre-tax profits fell 18% to $1.82bn, and by 13% at constant exchange rates.
The decline would have been only 1percentt if measured at constant exchange rates.
Similar(31)
But if the dollar had stayed at a constant exchange rate, increasing sales overseas would have increased revenue by 8percentt.
Rapid international expansion boosted total sales at Primark, which has 287 stores, by 15% to £2.5bn at a constant exchange rate (12% at the actual rate) in the six months to 28 February.
The current drama began on March 6 when the governor of China's central bank stunned analysts by saying that the bank's policy of keeping the renminbi at a constant exchange rate against the dollar was a "special" response to the global financial crisis.
Not only are there constant exchange rate changes to keep up with, but Astral also needs to place production orders nine months in advance, which creates forecasting headaches in trying to predict seasonal demand for their shoes.
Furthermore, the exchange with the blood is modelled by a constant exchange rate, Δ.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com