Cosmopol Int'l (COSMOPOL INT'L) announced its mid-year performance report in 2024, reporting a significant increase in revenue to HKD 0.3143 billion, a 1237.4% increase compared to HKD 23.5 million in the same period last year. However, the company recorded a loss of HKD 0.169 billion in the first half of 2024, a 71.9% increase from HKD 98.3 million in the same period in 2023. Basic loss per share increased from HKD 0.0875 to HKD 0.115. The company's net asset value also decreased from HKD 0.81 per share in 2023 to HKD 0.67 per share in 2024. The increase in loss is mainly due to the increase in tax expenses caused by the revision of the cost allocation standard for the company's property projects in China, as well as the decrease...Show More

Cosmopol Int'l (COSMOPOL INT'L) announced its mid-year performance report in 2024, reporting a significant increase in revenue to HKD 0.3143 billion, a 1237.4% increase compared to HKD 23.5 million in the same period last year. However, the company recorded a loss of HKD 0.169 billion in the first half of 2024, a 71.9% increase from HKD 98.3 million in the same period in 2023. Basic loss per share increased from HKD 0.0875 to HKD 0.115. The company's net asset value also decreased from HKD 0.81 per share in 2023 to HKD 0.67 per share in 2024. The increase in loss is mainly due to the increase in tax expenses caused by the revision of the cost allocation standard for the company's property projects in China, as well as the decrease in sales profits caused by the weak real estate market in China. Nevertheless, the company's development projects in Chengdu and Tianjin are underway, and the market has started to gradually recover after the relaxation of purchasing restrictions. The management of the company is optimistic about obtaining substantial returns from these projects in the coming years.