Canadian online gambling operator Amaya Gaming posted a net loss in Q4 2015 thanks to the declining Canadian dollar and the cost of diversifying beyond its flagship online poker operations.

Amaya lost C$15.8m in Q4, a dramatic swing from a $45.6m profit in Q4 2014, despite revenue rising 15% to $389.5m. However, thanks to the financial wizardry that allows companies to discount numbers they don’t like, those ever-reliable ‘adjusted’ earnings improved 27% to $111.2m.

For the year as a whole, revenue improved 8% to $1.37b while net losses came to $25.9m versus a $125.2m profit in 2014. Here again, adjusted earnings rose 11% to $587m. In a far more definitive computation, Amaya cut its net debt by $569m in 2015.

As a Canadian company, Amaya’s financial accounts have suffered many indignities over the past year via the loonie’s negative trajectory in relation to the US dollar. However, despite what the company says, this really doesn’t make a whole lot of difference to customers in other countries, who are still depositing via their native currencies.