Brief: Dra Global Agrees To Sell Apac Maintenance & Construction Business

DRA Global

29/07/2022 02:22

July 29 (Reuters) - DRA Global Ltd  DRA.AX :
    * DRA AGREES TO SELL APAC MAINTENANCE AND CONSTRUCTION
BUSINESS
    * DRA WITHDRAWS ITS UNDERLYING EBIT GUIDANCE FOR FY22
    * A NON-CASH, PRE-TAX IMPAIRMENT IN RANGE OF A$17M TO A$20M
EXPECTED TO BE RECOGNISED IN DRA'S HY22 STATUTORY ACCOUNTS
    * TRANSACTION WILL SEE TRANSFER OF SELECTED KEY CONTRACTS,
ASSETS
& LIABILITIES TO KAEFER FOR A$8M (BEFORE ADJUSTMENTS)

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