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Metcash has been placed in a trading halt ahead of a board meeting that could see the company hit with impairment charges. According to a statement released to the Australian Securities Exchange, Metcash said the board meeting would be held early next week in order to discuss some recommendations. Impairment charges may affect the company’s […]

Engel Schmidl 30 March, 2012

Metcash has been placed in a trading halt ahead of a board meeting that could see the company hit with impairment charges.

According to a statement released to the Australian Securities Exchange, Metcash said the board meeting would be held early next week in order to discuss some recommendations.

Impairment charges may affect the company’s net profit.

“A trading halt is requested pending a board meeting on Monday (April 2) to consider management recommendations which, if agreed to by the board, could result in impairment charges,” Metcash said in the statement.