The latest update is out from Air China ( (HK:0753) ).
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 provide a fair and objective view of the company’s financial position and operating results. The impairment provisions, which include fixed assets, inventories, and credit impairments, resulted in a RMB146 million increase in losses before taxation in the consolidated financial statements. This move reflects the company’s adherence to accounting standards and its commitment to accurately represent its financial health.
More about Air China
Air China Limited is a major airline company based in the People’s Republic of China, primarily offering passenger and cargo air transportation services. It operates in the aviation industry, focusing on both domestic and international markets.
YTD Price Performance: 0.00%
Average Trading Volume: 4,000
Technical Sentiment Signal: Sell
Current Market Cap: £13.01B
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