AHG 0.82% $3.67 automotive holdings group limited.

News: AHG Automotive Holdings Group Expects To Recognise Non‐Cash Impairment Of About $226 M;n In HY

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    Feb 15 (Reuters) - Automotive Holdings Group Ltd (AHG) :

    • EXPECTS TO RECOGNISE A NON‐CASH IMPAIRMENT OF ABOUT $226‐MILLION IN ITS HALF‐YEAR RESULTS
    • AHG HAS MOVED TO RESTRUCTURE OR CLOSE SEVERAL SITES, ALONG WITH OTHER CORPORATE INITIATIVES
    • RESTRUCTURE/CLOSING SITES WILL LEAD TO UNUSUAL ITEMS OF $38 MILLION BEING RECORDED IN HALF‐YEAR RESULTS
    • DECIDED TO MAKE A NON‐CASH ADJUSTMENT TO CARRYING VALUE OF REFRIGERATED LOGISTICS DIVISION.
    • UNAUDITED HY OPERATING NPAT IS IN LINE WITH AHG'S INTERNAL EXPECTATIONS FOR HALF‐YEAR

    Source text: http://bit.ly/2GssZdA

    (([email protected];))

 
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