VDM Group Provides Market Update (VMG.AX, 00976061, 20090810)

VDM Group Provides Market Update
Monday August 10, 2009, 10:24 am

Original Announcement: Market Update

VDM Group provided a market update, reporting that the Group is likely to report an operating loss for the full year 2009; the asset and investment values of VDM Group's property portfolio may need to be written down by $15m; and the Board expects to write down the carrying value of goodwill by between $75m and $85m.

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