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Cosmopolitan International Holdings Limited ( (HK:0120) ) has shared an announcement.
Cosmopolitan International Holdings Limited has issued a profit warning, indicating an expected net loss of approximately HK$453 million for the year ended December 31, 2024, compared to a loss of HK$372.3 million in the previous year. The increased loss is attributed to a sluggish property market in China, slow sales progress in its development projects, and higher provisions for impairment and tax charges. Stakeholders are advised to exercise caution when dealing with the company’s securities.
More about Cosmopolitan International Holdings Limited
Cosmopolitan International Holdings Limited operates in the property development industry, focusing on commercial and retail segments in China, particularly in cities like Chengdu and Tianjin. The company is involved in composite development projects and manages a property portfolio.
YTD Price Performance: -25.71%
Average Trading Volume: 1,559,792
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$151.3M
For detailed information about 0120 stock, go to TipRanks’ Stock Analysis page.