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BRIEF-OTOC provides operational and financial update

Published 16/07/2015, 11:12 am
© Reuters.  BRIEF-OTOC provides operational and financial update
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July 16 (Reuters) - OTOC Ltd OTC.AX :

* Expects to record a non-cash impairment charge for FY 2015 in range of $7-9 million (pre-tax)

* Says impairment charge will not affect OTOC's cash position

* Sees underlying group EBITDA profit before restructuring, acquisition and impairment costs in the range of $3.0 million to $4.0 million for FY 2015

* Expected impairment charge as a result of assessment of western Australian resources sector for FY 2015

* Source text for Eikon ID:nASX69JkLg

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