Feb 15 (Reuters) - K&S Corporation Ltd KSC.AX :
* Ksc carrying values and earnings update KSC.AX
* Says anticipated that statutory net profit after tax for the first half of FY2016 would be approximately 75% down
* As a result of review, K&S Corp expects to book a one-off non-cash impairment charge of $77.7 million
* Anticipates that underlying profit before tax for first half of FY 2016 will be 45% down on profit before tax for first half of FY 2015
* Source text for Eikon ID:nASX361HpY