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Eclipx Group Announces Regarding Expected Non-Cash Impairment of Assets

13 May 2019  |  08:16:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Expected Non-Cash Impairment of Assets

Eclipx Group announced that it currently expects to recognise non-cash impairment charges of between $110m and $130m in its forthcoming interim 1H 2019 financial results for the 6 months ended 31 March 2019. The Company confirms that it expects to recognise non-cash impairment charges of between $110m and $130m. The non-cash impairment charges relate to the underperformance of Grays and Right2Drive. The unaudited net corporate debt position of the Company at 31 March 2019 was $259.4m, a reduction of $24.3m from the $283.7m reported at 28 February 2019.

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