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DOW - Downer EDI News Story

A$5.45 -0.0  -0.5%

Last Trade - 3:50am

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

BRIEF-Downer Edi Sees Non-Cash Impairment Of Mining Goodwill

Sun 4th February, 2018 10:36pm
Feb 5 (Reuters) - Downer Edi Ltd  DOW.AX : 
    * NON-CASH IMPAIRMENT OF MINING GOODWILL 
    * WILL IMPAIR CARRYING VALUE OF GOODWILL FOR ITS MINING 
BUSINESS. 
    * NO CHANGE TO UNDERLYING GUIDANCE FOR 2018 FINANCIAL YEAR 
    * A PRE-TAX CHARGE OF $77 MILLION WILL BE RECORDED IN 
DOWNER'S 
RESULTS FOR SIX MONTHS TO 31 DECEMBER 2017 
    * IS TARGETING FY UNDERLYING NET PROFIT AFTER TAX & BEFORE 
AMORTISATION OF ACQUIRED INTANGIBLE ASSETS OF $295 MILLION 
BEFORE MINORITY INTERESTS 
    * HY PRE-TAX CHARGE IS A NON-CASH ITEM AND WILL NOT HAVE 
ANY 
IMPACT ON CASH FLOW OR COMPANY'S EXISTING OPERATIONS 
 
Source text for Eikon:  ID:nASX6x7ff  
Further company coverage:  DOW.AX  
 
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