Downer EDI logo

DOW - Downer EDI News Story

A$5.47 -0.1  -1.4%

Last Trade - 14/05/21

Sector
Industrials
Size
Mid Cap
Market Cap £2.11bn
Enterprise Value £3.10bn
Revenue £6.58bn
Position in Universe 133rd / 1913

Australia's Downer EDI to write down mining goodwill in interim results

Sun 4th February, 2018 10:58pm
Feb 5 (Reuters) - Australia's Downer EDI Ltd  DOW.AX  said 
on Monday it would book a goodwill impairment charge of A$77 
million ($60.88 million)for its mining business in the half year 
ending 31 December 2017. 
    The mining contractor said the impairment of goodwill was 
due to non-renewal of two material contracts and delays in 
securing alternative contracts. 
    The non-cash charge will not have any impact on the 
company's existing operations and the full-year 2018 guidance, 
Downer said. 
     
 
($1 = 1.2647 Australian dollars) 
 
 (Reporting by Sandhya Sampath in Bengaluru) 
 ((sandhya.sampath@thomsonreuters.com ; +91-80-6749-8695; 
Reuters messaging: 
sandhya.sampath.thomsonreuters.com@reuters.net;)) 
 
Keywords: DOWNER EDI OUTLOOK/
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.