Q4 FY20: lightweight Hispam division swimming against the tide

Q4 FY20: lightweight Hispam division swimming against the tide

FX once again crushes a period of robust defensive plays by Hispanoamérica operating businesses. Argentinian currency devaluation weighs heavily. Restructuring in Mexico provides a gloss to profitability for the final quarter. Management expectations moving on from a sale or spin‑out towards development an insulated asset‑light unit to minimise the ...

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