Service Stream Limited
(ASX:SSM) is likely to book a full-year loss on its Syntheo joint venture with Lend Lease.
The specialist telecoms construction company says it will take an EBITDA loss of $13 million for the year to June 30, after a hit of more than $30 million in its fixed communications segment.
Net debt will come in at $52 million.
The result included an EBITDA loss of $20 million from the Syntheo joint venture before any corporate allocations.
Service Stream entered a trading halt on 11 June to review the struggling venture.
The company will also take a non-cash goodwill impairment charge of about $90 million in the year to June.
Service Stream delivered a net profit of $8 million in the first half of fiscal 2013.
