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BRIEF-Worleyparsons expects to recognize impairment of goodwill of about $200 mln

Published 11/08/2015, 09:17 am
Updated 11/08/2015, 09:26 am
© Reuters.  BRIEF-Worleyparsons expects to recognize impairment of goodwill of about $200 mln
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Aug 11 (Reuters) - WorleyParsons Ltd WOR.AX :

* Non-cash impairment of goodwill WOR.AX

* Announced that as part of its usual year end accounts preparation it is reviewing asset carrying values.

* Says company confirms that the impairment of goodwill will have no impact on debt covenants

* Says review will reflect the expected ongoing challenging market conditions

* Company expects to recognize a non-cash impairment of goodwill of approximately $200 million

* Guidance for FY statutory net profit after tax provided on 4 may did not include impact of any potential impairment

* The non-cash impairment of goodwill represents approximately 10% of the value of goodwill

* Source text for Eikon ID:nASX85Rd5s

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