February 2, 2018 / 3:16 AM / 5 months ago

BRIEF-Ardent Leisure Expects Non-Cash, Pre-Tax Valuation Impairment Charge in H1 2018

* BUSINESS UPDATE AND IMPACT OF US TAX REFORMS

* THEME PARK BUSINESS IS EXPECTED TO REPORT BREAKEVEN EBITDA FOR FIRST HALF WITH POSITIVE EBITDA CONTRIBUTION EXPECTED FOR FY

* EXPECTS TO BOOK TAX CREDIT IN INCOME STATEMENT FOR H1 FY18 IN RANGE OF US$10 MLN TO US$13 MLN, DUE TO U.S. TAX REFORM

* EXPECTS TO BOOK FURTHER NON-CASH, PRE-TAX VALUATION IMPAIRMENT CHARGE IN RANGE OF A$15 MILLION TO A$25 MILLION FOR FIRST HALF OF FY18 Source text for Eikon: Further company coverage:

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