Dec 8 (Reuters) - Downer EDI Ltd (DOW) :
- FY23 GUIDANCE IS NOW UNLIKELY TO BE MET
- HAS IDENTIFIED CERTAIN ACCOUNTING IRREGULARITIES IN ITS AUSTRALIAN UTILITIES BUSINESS
- NOW EXPECTS UNDERLYING FY23 NPATA TO BE BETWEEN A$210 MILLION - A$230 MILLION
- DETAILED INVESTIGATION HAS BEEN INITIATED REGARDING ACCOUNTING IRREGULARITIES IN AUSTRALIAN UTILITIES BUSINESS
- ADJUSTMENTS APPEAR TO RELATE TO PERIOD BETWEEN SEPTEMBER 2019 AND NOVEMBER 2022
- IRREGULARITIES ESTIMATED TO RESULT IN HISTORICAL OVERSTATEMENT OF PRE-TAX EARNINGS IN ORDER OF A$30 MILLION - A$40 MILLION AT END OF NOV 2022
(([email protected];))
News: DOW Downer EDI says FY23 Guidance Is Now Unlikely To Be Met
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