Downer EDI (ASX:DOW) Forecasts A Non-Cash, Pre-Tax Impairment Charge Of A $549.6 Million For Fiscal Year 2023

<WIRE> Downer EDI (ASX:DOW) Forecasts A Non-Cash, Pre-Tax Impairment Charge Of A $549.6 Million For Fiscal Year 2023

Thursday, 3 August 2023

Downer EDI (ASX:DOW) has forecasted a non-cash, pre-tax impairment charge of A$549.6 million for the year ended June 2023.

The company is also anticipating a statutory net loss after tax (NPAT) of roughly A$386 million for the fiscal year.

Downer EDI’s estimated underlying net profit after tax and amortization (NPATA) for the period is A$174 million.

The company remains focused in their aim to achieve overall transformation cost out benefits of A$100 million per annum by 2025.

Downer EDI is an infrastructure services company providing solutions in transportation, utilities, communications and more.

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<WIRE> Downer EDI (ASX:DOW) Forecasts A Non-Cash, Pre-Tax Impairment Charge Of A $549.6 Million For Fiscal Year 2023

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