The financial services group cited ‘onerous’ lease contracts.
Financial services giant AMP has lowered its 2022 statutory profit guidance, after it expects to take a $94 million hit from “onerous” lease contracts and asset writedowns.
The after tax sum is $68 million, AMP said in its statement to the Australian Securities Exchange. While it would dent the statutory profit, AMP said the impairments would not affect net profit after tax , its preferred measure of profitability.AMP added that the financial impairments would not have a material impact on its capital position or liquidity.
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