COSMOPOL INT'L: 2023 ANNUAL REPORT

Hong Kong Stock ExchangeApr 26 08:39 ET · Announcements

COSMOPOL INT'L (00120) Announces 2023 Annual Results Shareholders' Losses of HK$372 Million YoY Profit to Loss

According to the Zhitong Finance App, COSMOPOL INT'L (00120) announced its 2023 annual results. The group achieved revenue of HK$77.3 million during the period, a year-on-year decrease of 92.4%; shareholders of the parent company should have accounted for a loss of HK$372 million; in the same period last year, shareholders of the parent company should have accounted for a profit of HK$4 million; a basic loss of HK32.35 cents per share. The announcement said that due to weak property market conditions in mainland China, the profit contribution of property sales revenue from the Group's two comprehensive development projects in Chengdu and Tianjin during the year under review was relatively small compared to last year. Also, considering the overall property

Zhitong FinanceMar 27 09:17 ET

COSMOPOL INT'L: ANNOUNCEMENT OF 2023 GROUP FINAL RESULTS

Hong Kong Stock ExchangeMar 27 09:08 ET · Announcements

Cosmopolitan International to Swing to Loss in 2023

Cosmopolitan International Holdings (HKG:0120) expects a net loss of HK$372 million for the year 2023, as compared to a net profit of HK$4 million in 2022, the property developer said in a Thursday fi

MT NewswiresMar 21 09:09 ET

[Yingliong Stock] Sihai International (00120) fell 3.54% and is expected to turn a profit and loss of 372 million yuan last year

Jinwu Financial News | Sihai International (00120) issued a profit warning, dragging down stock price performance. As of press release, it reported HK$1.09, down 3.54%, with a turnover of HK$1.7605 million. According to an announcement from the Financial Services Agency, the expected loss for 2023 is approximately HK$372 million, compared with a net profit of HK$4 million in the previous year. According to the announcement, the profit contribution of the Group's property sales in Chengdu and Tianjin was not significant during the year, mainly due to the fact that the Group's two development projects in Chengdu and Tianjin were not significant. Furthermore, considering the continued decline in overall property prices, the Group has accrued a total impairment loss of approximately HK$172 million for these two development projects.

金吾財訊Mar 20 22:19 ET

COSMOPOL INT'L (00120) issued a profit warning. Annual shareholders' losses are estimated to be approximately HK$372 million

According to the Zhitong Finance App, COSMOPOL INT'L (00120) announced that the Group is expected to make a net loss for the year ended December 31, 2023 and achieve a net profit of HK$4 million in 2022. Due to weak real estate market conditions in mainland China, the profit contribution of property sales from the Group's two comprehensive development projects in Chengdu and Tianjin during the year under review was relatively small compared to last year. Furthermore, considering the continued decline in overall property prices, the Group has accrued impairment losses for some of the properties for sale and some of the properties under development within these two development projects. The total amount is approximately

Zhitong FinanceMar 20 07:42 ET