Computershare Limited (ASX:CPU) will write down the value of its European intangible assets due to the financial instability in the region.
The share registry group expects its second half figures to absorb the charge, which will be in the range of $US55 to $US65 million and earnings per share for its full financial year to be down 10 to 15 per cent.
Computershare’s chief says the financial woes of Europe have dragged on earnings and reduced its growth expectations in the region.
The company will release its full year results in August.
In the first half of the 2012 financial year, Computershare generated a net profit of $105.4 million.
