{"id":61034,"date":"2017-10-13T22:58:46","date_gmt":"2017-10-14T03:58:46","guid":{"rendered":"http:\/\/www.ethiopanorama.com\/?p=61034"},"modified":"2017-10-13T23:11:00","modified_gmt":"2017-10-14T04:11:00","slug":"pittards-to-take-1m-hit-from-ethiopia-currency-devaluation","status":"publish","type":"post","link":"https:\/\/ethiopanorama.com\/?p=61034","title":{"rendered":"Pittards to take \u00a31m hit from Ethiopia currency devaluation"},"content":{"rendered":"<div class=\"news-date float-left\">Fri, 13 October 2017<\/div>\n<div><\/div>\n<div class=\"float-right\">\n<div id=\"module_12ad1964bad6855ba7fae11a58a0820b\" class=\"module\"><img data-recalc-dims=\"1\" decoding=\"async\" title=\"Pittards to take \u00a31m hit from Ethiopia currency devaluation\" src=\"https:\/\/i0.wp.com\/stmedia.digitallook.com\/web\/img\/dl\/14114471388_f4b64191b8_z.jpg?w=800\" alt=\"Pittards to take \u00a31m hit from Ethiopia currency devaluation\" \/><\/div>\n<div><\/div>\n<div class=\"module\">(ShareCast News) &#8211; Technically-advanced leather producer Pittards noted on Friday that the Ethiopian government has devalued its currency by 15% as of Wednesday.<\/div>\n<\/div>\n<p>The AIM-traded company said the devaluation in the currency would have &#8220;no adverse effects&#8221; on its trading performance, although there would be some adverse balance sheet adjustments arising on the consolidation of the Ethiopian assets at the year end.<\/p>\n<p>It said it currently estimated that those adjustments would amount to approximately \u00a31m.<\/p>\n<p>&#8220;In overall terms this is a positive development for Pittards as the devaluation will make its operations in Ethiopia more competitive,&#8221; its board said in its statement.<\/p>\n<p>Source \u00a0\u00a0 &#8211; \u00a0 ShareCast<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fri, 13 October 2017 (ShareCast News) &#8211; Technically-advanced leather producer Pittards noted on Friday that the Ethiopian government has devalued its currency by 15% as of Wednesday. The AIM-traded company said the devaluation in the currency would have &#8220;no adverse effects&#8221; on its trading performance, although there would be some adverse balance sheet adjustments arising [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":61035,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[],"class_list":["post-61034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ethiopanorama.com\/wp-content\/uploads\/2017\/10\/14114471388_f4b64191b8_z.jpg?fit=307%2C235&ssl=1","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=\/wp\/v2\/posts\/61034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61034"}],"version-history":[{"count":1,"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=\/wp\/v2\/posts\/61034\/revisions"}],"predecessor-version":[{"id":61036,"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=\/wp\/v2\/posts\/61034\/revisions\/61036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=\/wp\/v2\/media\/61035"}],"wp:attachment":[{"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethiopanorama.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}