Skanska Flags 195 Million Impairment Charge in Q4 2023

12 Jan 2024 CW Team

International construction and development company Skanska has disclosed a $195 million impairment charge in the fourth quarter of 2023. This announcement underscores Skanska's commitment to transparency and financial reporting, providing stakeholders with essential insights into the company's financial performance during the specified period.

The $195 million impairment charge indicates a recognition by Skanska of factors affecting the valuation of certain assets or investments. Such impairment charges are typically associated with a reassessment of the recoverable value of assets, ensuring accurate financial reporting and alignment with accounting standards.

Skanska's proactive communication of the impairment charge in Q4 2023 reflects the company's commitment to maintaining transparency and fostering trust among its stakeholders. The construction and development industry is dynamic, and adjustments in asset valuations are common as companies navigate market conditions and project-specific challenges.

As Skanska addresses the impairment charge, the disclosure provides investors, analysts, and other stakeholders with a clearer understanding of the company's financial position. This openness contributes to informed decision-making and reinforces Skanska's commitment to financial accountability and integrity in its operations.

Real Estate

17 Jul 2026

Rhitik Jassar launches ZTA Infrastructure

Meerut, Uttar Pradesh, 16, July 2026: As India accelerates investments in physical and social infrastructure, ZTA Infra is strengthening its presence in the sector through ZTA Infrastructure Pvt. Ltd., which will serve as the group's flagship infrastructure and construction company. The company will lead the group's expansion across housing, commercial real estate, institutional infrastructure, roads, highways and other large-scale infrastructure projects, reinforcing ZTA Infra's long-term vision of c..

Ion Exchange Wins USD 52.83 Million Supply Contract From Hyundai

Ion Exchange (India) (Ion Exchange) has been awarded an international contract by Hyundai Engineering and Construction Co., (Hyundai Engineering) for the supply of filtration units in the Middle East. The contract is valued at USD 52.83 million and is to be executed over a period of 18 months. The order aggregates to approximately Rs 5.03 bn based on the prevailing exchange rate. Delivery schedules and technical specifications will be governed by the contract terms. The scope covers manufacture and supply of filtration units to be deployed across projects in the Middle East and follows the pro..

3i Infotech Subsidiary Wins Talent Deployment Contract With Krung Thai Bank

3i Infotech (Thailand), a wholly owned step down subsidiary of 3i Infotech, has won a contract from Krung Thai Bank Public Company on nine July 2026. The order covers talent deployment to support application development, enhancement, testing and digital transformation programmes. Roles specified include full stack development, backend development in Java, frontend development using Angular, DevOps engineering, quality assurance and test automation, business analysis and solution architecture. The engagement reflects the subsidiary's continued focus on banking technology services in the region...