Brief: Angang Steel Says Board Resolved To Provide For Impairment Of Assets For Production Line 580 And Production Line 800

Angang Steel Co

31/12/2021 24:53

Dec 31 (Reuters) - 
    * BOARD RESOLVED TO PROVIDE FOR IMPAIRMENT OF ASSETS FOR
PRODUCTION LINE 580 AND PRODUCTION LINE 800
    * RESOLVED TO MAKE PROVISION FOR ASSET IMPAIRMENT OF
RMB304.3
MILLION FOR FINANCIAL YEAR 2021
    * ASSET IMPAIRMENT LOSS WILL LEAD TO DECREASE OF RMB228.2
MILLION
IN NET PROFIT ATTRIBUTABLE FOR 2021


 ((Reuters.Briefs@thomsonreuters.com;))