SKI 1.41% $2.16 spark infrastructure group

News: SKI Spark Infrastructure Says Update On Federal Court Decision On Tax Litigation

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    Feb 11 (Reuters) - Spark Infrastructure Group (SKI) :

    • UPDATE ON FEDERAL COURT DECISION ON TAX LITIGATION
    • ON ABSENCE OF A SUCCESSFUL APPEAL ON TAX MATTERS, SPARK INFRASTRUCTURE WILL PAY TAX FROM 2019 ONWARDS
    • SPARK INFRASTRUCTURE AND VICTORIA POWER NETWORKS VPN ARE REVIEWING JUDGEMENT
    • IF COURT'S DECISION APPLIES TO SPARK NO2, IT WOULD NEED TO RECOGNISE CURRENT TAX LIABILITY SEEN TO BE $65 MILLION TO $70 MILLION
    • EXPECTS TO RECONFIRM GUIDANCE FOR FINAL DISTRIBUTION FOR FY2018 OF 8.0 CENTS PER SECURITY
    • EXPECTS NET IMPAIRMENT CHARGE OF ITS INVESTMENT IN SA POWER NETWORKS OF $270 MILLION IN FY2018 RESULTS
 
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