.....and the continued decline in the A$ against the US$ since...

.....and the continued decline in the A$ against the US$ since the original profit projections were done and the US acquisition completed earlier this year will certainly improve the A$ result and bottom line for Reece.

On the local front anyone who has followed Reece Accounts over the years will be aware of their excellent track record in managing foreign currency risk on purchases and other investments to the extent that it has often been a good contributor to profits.

Cheers