PEXA Group (ASX:PXA) has revised its specified items outlook for its fiscal first half to a range of AU$35 to AU$40 million from the previous outlook of AU$15 to AU$20 million, the company said in a Thursday Australian bourse filing.
The adjustment comes as the company expects to recognize a non-cash impairment charge of approximately AU$15 million in its fiscal H1 results, and there is no tax impact resulting from this change, per the filing.
The company also revised its income tax expense outlook to a range of AU$40 million to AU$45 million from AU$15 to AU$20 million.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.