Speculating with foreign currencies

From The Edge Daily:

Revenue was RM3.72 billion compared with RM3.45 billion. Earnings per share (EPS) was 2.86 sen compared with 9.71 sen. It declared a dividend of three sen per share compared with seven sen a year ago.

It said the weaker 2Q earnings were due to a lower operating profit of RM527.8 million from the plantation segment, which was 7% lower than the previous quarter due mainly to declining CPO prices.

The property segment reported a 10% or RM7 million decline due mainly to the soft property market which resulted in lower sales.

Amazing how revenue can go up while profits go down. That's what happens when you speculate in foreign currencies! Earnings go down!