March 11, 2018 / 6:02 PM / 3 months ago

BRIEF-CITIC Ltd Estimates Impairment Of $800 Mln To $1 Bln In 2017 Accounts

March 11 (Reuters) - CITIC Ltd:

* REVIEWED VALUE OF SINO IRON PROJECT‍; ESTIMATES IMPAIRMENT OF $800 MILLION TO $1 BILLION IS LIKELY TO BE MADE IN 2017 ACCOUNTS ​

* IMPAIRMENT IS A NON-CASH ACCOUNTING ITEM, BUT IT WILL REDUCE CO’S 2017 REPORTED PROFITS Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below