Air China ( (HK:0753) ) has shared an update.
Air China Limited announced a provision for asset impairment totaling RMB198 million for the year 2024, following an assessment of expected credit losses and impairment tests on various assets. This decision, approved by the board of directors, aims to present a fair view of the company’s financial position and operating results. The provisions include impairments for fixed assets, inventory write-downs, and credit impairments across several categories, reflecting the company’s adherence to accounting standards and its proactive approach to financial management.
More about Air China
Air China Limited is a major airline company incorporated in the People’s Republic of China. It operates in the aviation industry, providing air transportation services both domestically and internationally.
YTD Price Performance: 0.00%
Average Trading Volume: 4,000
Technical Sentiment Signal: Sell
Current Market Cap: £13.13B
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