Transfield Services Confirms FY09 Guidance Following Results of Impairment Testing

Wednesday, 29 July 2009

USM parent company, Transfield Services, announced yesterday that its full year results would be impacted by an impairment charge of A$168 million (US$135 million) on a pre-tax basis. The impairment charge is attributable to the deterioration in economic conditions and higher risk premiums specific to the North American subsidiary USM. USM responded by implementing initiatives to improve operating efficiency and client services, ensuring USM is well positioned to respond to improvements in the US economy.

Click here to read the full Australian Stock Exchange release.

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Deb Yorkman
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comms@usmservices.com

USM specializes in providing non-core, mission critical facilities maintenance and management services to large organizations with geographically dispersed properties in various industries such as retail, restaurants, banking, telecommunications and others with multi-location business operations.

Regardless of the type of service - whether it’s electrical, HVAC, Repair and Maintenance, Landscaping, Snow & Ice Management, or Janitorial and Floor Care - USM takes a unique, total supply chain management approach to delivering the outcomes that their clients desire.