Ann: Transfield Services Market Update , page-2

so they are reporting tomorrow, wednesday so they come out with this writedown the day before

Why?

why didn't they just report it tomorrow

I suppose a lose looks like a lose and may lead to more selling than necessary
But gee..
what do you make of this statement?

"The impairments are expected to result in an increase of approximately 6.7 – 7.1 percentage points in the
company's balance sheet gearing ratio. However the Group has plans in place to reduce this revised gearing
to within its target range of 25-35 per cent Net Debt/(Net Debt +Equity)."

Profits being reduced to pay down debt?