The company has issued a trading update covering the impact of the Argentine PESO decline. It fell c25% in December due to the relaxation of currency controls. The Company indicates that given the previously indicated revenue run rate and the PESO impact revenues would be “much lower than those reported for the previous year”. It goes on to say that the “impact on profits will be less as much of our operating costs is incurred in pesos”. Our forecasts are suspended pending the full trading updat ....
