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The company also suffered from a $4.6 million foreign currency loss.
Recently, Citic Pacific, an investment firm, has come under scrutiny for sitting on news of a $2 billion currency loss for six weeks before issuing a public statement.In this section Stumble or fall?
Xerox, in the midst of a massive restructuring, reported a profit of 15 cents per share, excluding restructuring charges and foreign currency loss.
At 87 to the dollar, the yen is expensive at the moment; if it falls to 100 you've got a currency loss.
I fear that for the UK the effective guarantee on the external liabilities of RBS and Lloyds will greatly increase the cost for the UK as the collapse of the pound will translate to a substantial currency loss.
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The United States attorney for Maryland is investigating the currency losses.
The currency losses are being investigated by the United States attorney for Maryland.
Foreign currency losses totaled more than $400 million in April and May.
Ms. Tatlock maintains the currency losses on foreign investments have about run their course.
They fell to 484 million euros ($421 million) after taxes because of the currency losses.
Charges for the quarter are expected to be higher as well, and foreign currency losses will hurt results.
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