OTCPK:EUCTF - Post by User
Post by
Raptorman2013on Apr 11, 2017 8:31pm
134 Views
Post# 26110055
Helps with the margins
Helps with the marginsThe majority of Eurocontrol’s revenues are denominated in US dollars while a significant amount of the Company’s marketing and administration costs are denominated in currencies other than the US dollar; primarily the Canadian dollar and the Israeli Shekel. To the extent that the exchange rates between the US dollar and the Canadian dollar and Israeli Shekel fluctuate, the Company will experience an impact on its earnings.