Zamano hit by fall in sterling’s value’

Listed mobile services firm Zamano has begun hedging its currency exposure, after it became the latest Irish firm to suffer a severe impact on its performance due to sterling’s decline. It reported a €7.4 million hit on revenue due to the fall in ste

28th March, 2009

Listed mobile services firm Zamano has begun hedging its currency exposure, after it became the latest Irish firm to suffer a severe impact on its performance due to sterling’s decline. It reported a €7.4 million hit on revenue due to the fall in sterling’s value relative to the euro during 2008.

Chief executive John O’Shea said that the company has forward contracts in place for sterling, the US dollar and Australian dollar...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago