SYDNEY, May 25 (Reuters) - Australian diversified conglomerate Wesfarmers Ltd WES.AX said it will take impairment charges totalling up to A$2.2 billion ($1.6 billion) in fiscal 2016, citing weak coal prices and difficult market conditions at discount department store Target.
The Sydney-listed company said it will take a non-cash impairment charge of between A$1.1 billion and A$1.3 billion before tax on its Target business and a non-cash, pre-tax charge of between A$600 million and A$850 million on its Curragh coal business. ($1 = 1.3906 Australian dollars)