Further re Exchange Rate Hedg

RNS Number : 2401L

International Personal Finance Plc

07 January 2009

 



On 17 December 2008, the board of International Personal Finance plc issued a trading update and, within that, noted that hedging of the exchange rates used for the translation of reported profits for 2009 would be reviewed in January 2009. 

The purpose of this announcement is to confirm that we have now put in place  foreign currency contracts to hedge the majority of our forecast Central European profits for the 2009 financial year, at rates which are approximately 4% more favourable than those used to translate the results for the 2008 financial year.

 

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