Ausgroup

Ausgroup: profit warning. Expected to report loss for 4QJun10, although mgt guides for overall profitability for the yr. Ausgroup to take impairment charge on goodwill related to subsidiary, Cactus Engineering & Trading, which has seen declining revenue and margins amidst challenging business conditions due to the slow demand for Singapore-based fabrication and machining services for the upstream O&G sector. Results due before end Aug 2010.