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

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

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