Summary by Moomoo AI
Cosmopol Int'l Group Limited ("Cosmopol Int'l") recorded a shareholders' share of comprehensive loss of HK$169,000,000 for the six months ended 30th June 2024, an increase from the loss of HK$98,300,000 in the same period of 2023. The increase in loss was mainly due to the revision of cost allocation criteria for property projects adopted by the group in China, leading to an increase in tax expenses, as well as the weakness in the real estate market in China, resulting in reduced sales profits contribution from development projects in Tianjin and Chengdu. Despite a series of loosening policies and financial measures introduced by the central government, the performance of China's real estate market remains weak. Most residential units in the Fuhao...Show More
