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China Aluminum International Announces RMB248 Million Asset Impairment for 2024

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China Aluminum International Announces RMB248 Million Asset Impairment for 2024

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China Aluminum International Engineering Corporation Limited Class H ( (HK:2068) ) just unveiled an announcement.

China Aluminum International Engineering Corporation Limited announced a provision for impairment of assets for the year 2024, amounting to approximately RMB248 million. This decision, made in accordance with the Accounting Standards of China for Business Enterprises, reflects a prudent approach to evaluating the company’s asset position, impacting its total profit under consolidated statements by reducing it by the same amount.

More about China Aluminum International Engineering Corporation Limited Class H

China Aluminum International Engineering Corporation Limited is a company incorporated in the People’s Republic of China, operating within the engineering sector. It primarily focuses on providing engineering services and solutions, particularly in the aluminum industry.

YTD Price Performance: 2.73%

Average Trading Volume: 125

Technical Sentiment Signal: Sell

Current Market Cap: €1.6B

Find detailed analytics on 2068 stock on TipRanks’ Stock Analysis page.

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