Feb 26 (Reuters) - Omni Bridgeway Ltd (OBL) :
- UPDATES ON WIVENHOE CLASS ACTION MEDIATION
- MEDIATION RESULTED IN SETTLEMENT WITH STATE OF QUEENSLAND AND SUNWATER, IN AMOUNT OF A$440MLN
- CASE AGAINST STATE OWNED ENTERPRISE SEQWATER HAS NOT SETTLED AT THIS STAGE
- INTENDS TO DERECOGNISE PORTION OF ITS INVESTMENT ATTRIBUTABLE TO SETTLEMENT THIS FINANCIAL YEAR
- TO RECOGNISE INITIAL INCOME OF ABOUT $30 MILLION THEREBY GENERATING PROFIT OF ABOUT $11 MILLION ON PROJECT COSTS & THIS FY
- UPPER LEVEL OF PRIOR POTENTIAL INCOME RANGE FOR INVESTMENT, OF A$130 MILLION-A$170 MILLION, TO BE MORE LIKELY AND TO BE CONSERVATIVE
- THERE IS NO SETTLEMENT AT THIS STAGE OF 50% PORTION OF LIABILITY ALLOCATED TO SEQWATER
Feb 26 (Reuters) - Omni Bridgeway Ltd (OBL) : UPDATES ON...
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