Brief: LBT Innovations Recognises Non-Cash Impairment Charge Of A$13.4 Mln
04/08/2023 02:33
Aug 4 (Reuters) - LBT Innovations Ltd LBT.AX :
* RECOGNISED A NON-CASH IMPAIRMENT CHARGE OF A$13.4 MILLION
* IMPAIRMENT RELATES TO FULL WRITE DOWN OF A$13.4 MILLION
CARRYING
VALUE OF COMPANY'S INTANGIBLE ASSETS RELATING TO APAS®
TECHNOLOGY
* ALSO EXPECTS TO RECOGNISE A NON-CASH WRITE OFF OF
APPROXIMATELY
A$5.5 MILLION IN DEFERRED TAX ASSETS FOR YEAR
Source text for Eikon: ID:nASXP1bJ9
Further company coverage: LBT.AX
((Reuters.Briefs@thomsonreuters.com;))
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