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Concordia Healthcare Corp. T.CXR.R



TSX:CXR.R - Post by User

Comment by Fiery707on Jun 24, 2016 5:58pm
170 Views
Post# 24997321

RE:No impact on CXR

RE:No impact on CXR There's impact. Revenue in British pounds (GBP) get translated into USD for financial reporting. Seeing how GBP/USD exchange rate plunged and will likely stay low in the short term, revenue will be negatively impacted by GBP depreciation. It has nothing to do with GBP debt.

Stockcoach1 wrote:

No Impact

Brexit has no impact on Concordia’s prospects as its product sales will continue as usual, Chief Executive Officer Mark Thompson said in an e-mail. Revenue in British pounds can be used to pay British debt, he said.



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