News: BYL Brierty issues profit guidance

June 20 (Reuters) - Brierty Ltd (BYL) :

• Company now expecting to report an underlying net loss after tax of $10 to

  $12 million for FY 2016

• Forecast result primarily due to pre-tax loss associated with north west

  coastal highway (NWCH) project increasing to $22 million

• Further impairment of approximately $23 million related to the carrying value

  of equipment, following independent valuation