MIE Holdings Corporation Issues Supplemental Announcement on Audited 2024 Financial Results
I'm PortAI, I can summarize articles.
MIE Holdings Corporation has issued a supplemental announcement regarding its 2024 Annual Report, detailing impairment losses on assets related to the Daan Oilfield in the PRC. The announcement explains the valuation methodology for impairment assessment, focusing on the cash-generating unit's value in use. It clarifies that the oil and gas properties, under a production sharing contract with China National Petroleum Corporation expiring in 2028, lack alternative uses post-expiry. This disclosure aims to provide further insight to shareholders and potential investors, without affecting other information in the original report.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments