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COSMOPOL INT'L: ANNOUNCEMENT OF 2024 GROUP FINAL RESULTS
COSMOPOL INT'L (00120.HK) expects an annual net loss of approximately 0.453 billion Hong Kong dollars.
Gelonghui, March 21 - COSMOPOL INT'L (00120.HK) announced that the company expects to record a net loss of approximately HKD 453,000,000 for the year ending December 31, 2024, compared to a loss of HKD 372,300,000 recorded last year. The weak property market in China, particularly in the commercial and retail property categories, has resulted in slow sales progress for the remaining parts of the group's two mixed-use development projects located in Chengdu and Tianjin. On the other hand, the increase in impairment provisions for the group's property portfolio and significant tax expenditures have led to the group experiencing difficulties during the year.
Express News | Cosmopolitan International - Expects Net Loss of HK$453 Million for 2024
COSMOPOL INT'L (00120.HK) will hold a Board of Directors meeting on March 28 to approve the annual performance.
On March 14, Gelonghui reported that COSMOPOL INT'L (00120.HK) announced that the Board of Directors will hold a meeting on March 28, 2025, to approve the annual performance announcement for the year ending December 31, 2024, for the company and its subsidiaries.
COSMOPOL INT'L: 2024 INTERIM REPORT
COSMOPOL INT'L [00120] is now trading at HK$0.173, a decrease of 12.63%.
As of 10:01, COSMOPOL INT'L [00120] is reported at HKD 0.173, a decrease of HKD 0.025 or 12.63% from the previous closing price of HKD 0.198. The trading volume is HKD 0.2277 million. The highest price today is HKD 0.191 and the lowest price is HKD 0.173. Based on the closing price yesterday, the 10-day average price is HKD 0.84, and the 50-day average price is HKD 0.86. The current P/E ratio is -2.35 times, and the 14-day strength index is reported at 52.11.
