July 31 (Reuters) - Real estate services provider McGrath Ltd (MEA) said on Tuesday it expected to recognise an impairment charge of about A$35 million ($26 million) in the 2018 financial year against its company-owned sales segment.
The assets being impaired were mainly brought onto the balance sheet as part of agency acquisitions in 2015, McGrath said in a statement.
The company said it expected fiscal 2018 core earnings of about A$1 million ($741,800.00), in line with its previous guidance. ($1 = 1.3481 Australian dollars)
