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BRIEF-Vocus Group announces intention to recognise a non cash impairment to goodwill

Published 17/08/2017, 09:35 am
© Reuters.  BRIEF-Vocus Group announces intention to recognise a non cash impairment to goodwill
VOC
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Aug 17 (Reuters) - Vocus Group Ltd VOC.AX -

* Confirms FY17 underlying EBITDA and impairment to goodwill

* Confirms today that its unaudited FY17 underlying EBITDA is $366.4m within company's guidance range of $365-375m

* Has undertaken a review of carrying value of its assets and in particular goodwill

* "Unaudited FY17 underlying NPAT is $152.3m below company's guidance range of $160-165m"

* Will recognise a non-cash impairment of $1,532m post tax spread across both Australian, $1,333m and New Zealand, $199m cash generating units

* Confirms today that its unaudited fy17 underlying EBITDA is $366.4m within company's guidance range of $365-375m

* Company confirms that its unaudited net debt position at 30 June 2017 was in line with forecast at $1.029bn.

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