tiprankstipranks
Trending News
More News >

BBMG Corporation Announces Asset Impairment Provisions for 2024

Story Highlights

Protect Your Portfolio Against Market Uncertainty

BBMG ( (HK:2009) ) has provided an announcement.

BBMG Corporation announced the approval of provisions for asset impairment during its Ninth Meeting of the Seventh Board of Directors. This decision, aimed at accurately reflecting the company’s financial position for the year 2024, involves recognizing credit and asset impairment losses based on expected credit losses and impairment tests. The provisions are intended to ensure the company’s financial statements accurately depict its asset values, impacting its reported profits for the period.

More about BBMG

BBMG Corporation is a joint stock company incorporated in the People’s Republic of China, operating primarily in the construction materials industry. The company focuses on producing and distributing building materials, including cement, and is listed on the Hong Kong Stock Exchange.

Average Trading Volume: 0

Find detailed analytics on 2009 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App