Helloworld Limited
(ASX:HLO) has watered down its full year earnings guidance while also flagging a $205 million impairment.
The travel agent company says its pre-tax profit looks set to stay within guidance range of $7 million.
The company says it has intangible goodwill assets on its balance sheet as a result of legacy transactions including the 2010 merger of Stella Travel and Jetset Travelworld.
The board has determined it should write down the good will balance and incur a non-cash impairment of $205 million.
Helloworld reported a net loss of $755,000 in the first half of the 2015 financial year.
