ShawCor expects up to $80 mln impairment charge in Q4 - Energy - TopicsExpress



          

ShawCor expects up to $80 mln impairment charge in Q4 - Energy services company ShawCor (TSE:SCL) said it expects to incur an impairment charge of up to $80 million in Q4 related to the write-down of its Socotherm Gulf of Mexico facility in Texas and the carrying value of Socotherms 50 percent joint venture interest in Venezuela. The non-cash, after-tax charge results from a recent review of the carrying value of the companys long lived assets, with the final amount ... ow.ly/2StAFl
Posted on: Tue, 23 Dec 2014 14:05:15 +0000

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