June 9 (Reuters) - Paringa Resources Ltd (PNL) :
- TO IMPAIR CREDIT EXPOSURE TO PARINGA GROUP
- BELIEVES THERE IS SOME MARKET INTEREST IN PARINGA ASSETS BUT MAY TAKE TIME FOR SUCH INTEREST TO BE FORMALISED
- DECIDED TO TAKE IMPAIRMENT WHICH WILL RESULT CO'S EXPOSURE BEING WRITTEN DOWN BY ABOUT 80%
- RESULTING IMPAIRMENT WILL LOWER POST-TAX NTA FROM ESTIMATED $2.01 PER SHARE AS AT 31 MAY TO $1.711
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