Cosmopol Int'l (00120.HK) issued a profit warning, expecting a net loss of 0.169 billion yuan for the six months ending in June, compared to a recorded profit of 98.3 million yuan in the same period of 2023. The increase in losses was mainly due to the revision of the development cost allocation criteria adopted by the group's Mainland properties project in past years and the tax expenses collected. On the other hand, due to the weak real estate market, the profit contribution from the sales of two development projects located in Chengdu and Tianjin was relatively less.