Stockbroking | Wealth Management | Corporate Advice

x

Resizing text on the web

To increase or decrease the magnification of a web page, press Ctrl and '+' (plus) to zoom in or Ctrl and '-' (minus) to zoom out. To return the page to its original size, press Ctrl + 0.

You can also scroll the mouse wheel up and down while holding Ctrl to increase/decrease zoom level.

McGrath flags additional $35m impairment

Real estate agency McGrath Ltd said on Tuesday it expected to recognise an impairment charge of about $35 million in its full-year results against its company-owned sales segment.

The assets being impaired were mainly brought onto the balance sheet as part of agency acquisitions in 2015, McGrath said in a statement.

McGrath said it expected to report 2017/18 earnings in line with its previous guidance at about $1 million when it releases its full-year results on August 20.

Austrlaian Associated PressBack to Breaking News

Market Indices