AMP

Australia's AMP warns of $234 mln additional impairment charge for fiscal 2021

Australia's AMP Ltd on Friday warned of a A$325 million ($233.58 million) additional impairment charge in its fiscal 2021 results arising from partial impairment of deferred tax assets, among others.

Nov 26 (Reuters) - Australia's AMP Ltd AMP.AX on Friday warned of a A$325 million ($233.58 million) additional impairment charge in its fiscal 2021 results arising from partial impairment of deferred tax assets, among others.

The impairments are expected to have an impact on capital of about A$220 million, but will not impact full-year's underlying net profit after tax, the wealth manager said in a statement.

($1 = 1.3914 Australian dollars)

(Reporting by Sameer Manekar in Bengaluru; Editing by Daniel Wallis)

((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

AMP

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More