April 23, 2018 / 12:12 AM / 7 months ago

BRIEF-Australia and New Zealand Banking Group Flags $632 mln loss to be recognized in H1

April 23 (Reuters) - Australia and New Zealand Banking Group Ltd:

* GUIDE TO ANZ’S HALF YEAR 2018 RESULTS

* $632 MILLION LOSS HAS BEEN RECOGNISED DUE TO DISCONTINUED OPERATIONS’ ASSETS AND LIABILITIES BEING RECLASSIFIED AS AT 31 MARCH 2018

* INCURRED ABOUT $80 MILLION IN RESTRUCTURING CHARGES WITHIN CASH PROFIT IN 1H18

* TOTAL NET GAIN ON SALE FROM DIVESTMENTS IN 1H18 IS $138 MILLION

* IN 1H18 RESULTS ANNOUNCEMENT RESULTS OF WEALTH BUSINESS DISPOSALS TO BE CLASSIFIED AS ‘DISCONTINUED OPERATIONS’

* LEGAL & OTHER COSTS RELATING TO ROYAL COMMISSION CURRENTLY EXPECTED TO BE IN RANGE OF $50 MILLION FOR FY Source text for Eikon: Further company coverage:

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