Cosmopolitan Holdings Forecasts Increased H1 Loss

Cosmopolitan International Holdings Limited (HK:0120) has released an update.

Cosmopolitan International Holdings Limited has issued a profit warning, indicating an expected net loss of approximately HK$169 million for the first half of 2024, a significant increase from the HK$98.3 million loss in the same period of 2023. The loss is primarily due to tax charges on the company’s property projects in China and a sluggish real estate market affecting sales in Tianjin and Chengdu. Investors are advised to exercise caution when dealing in the company’s securities.

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