Apple lifts profit 44% on flat sales, currency gains

Sun, 15 Mar 2015

By Suze Metherell March 16 (BusinessDesk) - Apple Sales New Zealand, the local unit of the iPad and iPod maker, increased annual profit by 44 percent, on largely unchanged sales, as it benefited from a gain on its currency positions. Profit was $15.1 million in the year ended Sept. 27, up from $10.5 million the year earlier, according to its financial statements lodged with the Companies Office. Sales rose to $568.5 million, from $564.6 million and it booked an extra $8.4 million in income on foreign currency contracts. The local unit...

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