date:Jul 31, 2014
ints either side of the official reference rate (being 0.4130). This effectively increased the value of the PNG Kina by circa 18% from its low of 0.3500 in May. This has resulted in net currency gains of USD 3.0 million in the first half as compared to losses of USD 14.2 million in the same period last year. These gains include USD 5.1 million of non-cash unrealised exchange gains on restatement of USD borrowings.
Palm oil prices during the period have been trading in a broad range between USD