BRIEF-TNT Express says Q4 bottom line net income will include non-recurring tax expense items

martes 3 de febrero de 2015 03:13 GYT
 

Feb 3 (Reuters) - TNT Express

* Bottom line net income in Q4 will include non-recurring tax expense items totaling 77 million, which include a 67 million non-cash valuation allowance on deferred tax assets

* Changing its accounting treatment for the pis/cofins taxes in Brazil.

* This reclassification will result in 17 million lower reported operating income for FY2014 of which 5 million in Q4 2014, but with no impact on net income. Further company coverage: