Hi David,
Is that all on top of existing provisions?
They already had a charge of 0.3b in 1st 6 months, presumably making it 0.6b for the full fy.
Will it all hit this financial year?
2b less 0.6 makes 1.4b which is 30% of orginal forecast earnings of 4.7b.
Share price has dropped 30% since highs last year. One wonders how much is factored in by the market already.
Cheers,
two billion reduction in profit on the cards, page-2
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