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The decrease in after-tax profits primarily reflects increases infinance costs and the impact of foreign exchange adjustments.
In the absence of such a shift, he said, there has been "a disproportionate emphasis on foreign exchange adjustment.
In addition, it is reasonably likely that we will have to restate our results of operations for the second quarter of 2009, to reflect foreign exchange adjustments that are currently recorded in our preliminary third quarter results and restate the first quarter of 2009 for a $0.
It expects EBITDA, excluding non-cash items, and gains on disposal of capital items, neutral of foreign exchange adjustments for the first nine months of 2007 to range from $3.
Operating expenses (selling and administrative expenses, management charges, research and technology expense, foreign exchange adjustments and other expense, net) for the second quarter of 2003 were US$5.
Excluding all non-cash expenses and neutral of foreign exchange adjustments, EBIDTA in the second quarter of 2007 is expected to reach $800,000, up 43% from $560,000 in the second quarter of 2006.
Operating expenses (selling and administrative expenses, management charges, research and technology expense, foreign exchange adjustments and other expense, net) for the second quarter of 2003 were $5.
Organic Growth The press release provides information regarding organic growth, namely net sales adjusted to exclude sales derived from the SpinBrush business and the Brazilian skin care operation that were acquired after the first quarter of 2005, the effect of foreign exchange adjustments and the impact of eliminating the difference in the number of days included in the first fiscal quarter of 2005 and 2006.