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Dollar's slide might boost sales for Thai tech firm Hana Microelectronics.

Bangkok Post (Bangkok, Thailand)

| December 03, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Busrin Treerapongpichit

Dec. 3--Hana Microelectronics Plc expects only a slight impact on its financial status from the weakening of the US dollar against the baht, according to Issra Sivakul, vice-president and general manager.

He conceded that for every 10 percent rise in the baht, the company's operating profit would be affected to the tune of 40 million baht, an amount he dismissed as negligible when compared to the company's total revenue almost nine billion baht a year.

The impact would be reduced due to the company's forex management strategy, which includes a hedging scheme.

Currently, all sales of the group are ...

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Source: HighBeam Research, Dollar's slide might boost sales for Thai tech firm Hana...

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