Business
AMP cops $325m write-down before spin off – The Australian Financial Review
The charge could reduce its capital position by $220 million, but is unlikely to hurt the group’s after-tax profit.
Chief executive Alexis George, who has been in the job for a little more than 100 days, said the company reviewed its balance sheet to ensure that assets recorded are in line with the future strategic direction.
The charges are mainly non-cash and related…
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