Just Life Group Ltd has announced that the carrying value of its Cash Generating Unit (CGU) The Cylinder Guy has been impaired by $0.8m.
The Cylinder Guy business generated 11% of the Group's revenue for the year ended 30 June 2022.
The audited company results of the Group are expected to be announced on 26th August 2022.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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