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Air China Ld (AIRC)

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Tuesday 22 April, 2014

Air China Ld

Formal Notice - Profit Warning

RNS Number : 1909F
Air China Ld
22 April 2014
 



Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

 

 

 

 

 

 

 Air China Limited

 

 

 

 

 

(a joint stock limited company incorporated in the People's Republicof China with limited liability)

(Stock Code: 00753)

 

PROFIT WARNING

 

This announcement is made by Air China Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the 
Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance  (Chapter 571 of the 
laws of Hong Kong).

 

I.       ESTIMATED  RESULTS  FOR  THE  PERIOD  BETWEEN  1  JANUARY  2014  TO  31

MARCH 2014

 

1.       According to the preliminary estimation of the finance department of the Company, the net profiattributabl
to equity holders of the Company for the first quarter of 2014 in accordance with 
the "China Accounting  Standards for Business Enterprises" is expected to decrease by 55% to 65% compared to that of the 

          corresponding period in 2013.

 

2.      The estimated results have not been audited.

 

II.     RESULTS FOR THE CORRESPONDING PERIOD IN 2013 (1 JANUARY 2013 TO 31

MARCH 2013)

 

1.      Net profit attributable to equity holders of the Company: RMB249 million

 

2.      Earnings per share: RMB0.02

 

III MAJOR REASONS FOR ESTIMATED DECREASE IN THE RESULTS

 

Durinthfirsquarteo2014thfinanciaexpenseothCompansubstantially increased as compared with the corresponding period of 2013 due to the exchange losses (as compared with the exchange gains for the corresponding period of 2013) resulting from the substantial depreciation of Renminbi.


IV.    OTHER RELATED MATTERS

 

The above estimated results is only the preliminary estimation, and the specific and accurate financiafigureothCompanwilbofficialldiscloseith201firstlquarterly report of the Company. Investors are reminded to consider the risks involved in making investment decisions.

 

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

 

By order of the Board

Air China Limited

          Rao Xinyu     Tam Shuit Mui

Joint Company Secretaries

 

Beijing, the PRC, 21 April 2014

 

AathdatothiannouncementthdirectorothCompanarMrCaJianjiang, Ms. Wang Yinxiang, Mr. Cao Jianxiong, Mr. Sun Yude, Mr. Ian Sai Cheung Shiu, Mr. Fan Cheng, Mr. Fu Yang*, Mr. Yang Yuzhong*, Mr. Pan Xiaojiang* and Mr. Simon To Chi Keung*.

 

*    Independent non-executive Director of the Company


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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