July 16 (Reuters) - WPP Aunz Ltd (WPP) : WPP AUNZ LTD- NON-CASH...

July 16 (Reuters) - WPP Aunz Ltd (WPP) :

• WPP AUNZ LTD- NON-CASH IMPAIRMENT OF INTANGIBLE ASSETS EXPECTED IN 1H20 OF $150 MILLION TO $190 MILLION
• WPP AUNZ LTD- IMPROVED EARNINGS GUIDANCE FOR 1H20 HEADLINE EBIT OF $10 MILLION TO $14 MILLION
• WPP AUNZ LTD - AN EXPECTED LEVERAGE RATIO OF APPROXIMATELY 1.7X AT 30 JUNE 2020
• WPP AUNZ LTD - HEADLINE EBIT FOR 1H20 IS NOW EXPECTED TO BE WITHIN $10 MILLION TO $14 MILLION
• WPP AUNZ- IMPAIRMENT CHARGE RELATES TO ACQUIRED INTANGIBLE ASSETS INCLUDING BRAND NAMES, CUSTOMER RELATIONSHIPS AND GOODWILL
• WPP AUNZ- IMPAIRMENT CHARGE NON-CASH IN NATURE AND HAS NO IMPACT ON CO'S DEBT FACILITIES AND COMPLIANCE WITH BANK COVENANTS