impairment charge
Construction and maintenance company Transfield (ASX:TSE) have announced writedowns ahead of its half year results next week.
- Transfield Services have announced an impairment of between $270 million and $285 million in relation to its asternwell Minerals exploration and marine geotechnical businesses, as well as its US downstream maintenance business, Timec.
Drugmaker, Sigma Pharmaceuticals (ASX:SIP) have seen their shares fall after the company announced that it expected a $270 million impairment charge on the sale of its pharmaceutical division might affect its current loan facilities. This announcement follows a decision last month to sell the business for less than its book value. The writedown is unlikely to stop the sale of the business to South Africa's Aspen Pharmacare for $900m.
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Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)
