China Mobile Books 15.73 Billion Yuan Asset Impairment Provision for 2024

MT Newswires Live

03/21

China Mobile's (HKG:0941, SHA:600941) board approved a provision for asset impairment totaling 15.73 billion yuan for 2024 during a recent meeting, according to a Thursday filing with the Shanghai bourse.

The impairment includes 14.51 billion yuan for credit losses on accounts and other receivables and 1.22 billion yuan for other assets, such as inventory and fixed assets.

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