New hedging policy adds $35m fizz to Fosters
A review of the company's forex hedges in May identified a surplus of transactions, which, when closed, added $34.7 million to its pre-tax balance sheet. The company's forex exposure is predominantly to the greenback and sterling.
The group has also simplified its forex hedging approach to take shorter positions in the future. Furthermore, it said it would improve its hedging position through offsetting currency exposure within its different trading operations.
The FX hedging technique now
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