Cocoon Holdings Anticipates Major First-Half Losses

Cocoon Holdings Limited (HK:0428) has released an update.

Cocoon Holdings Limited has issued a profit warning, anticipating a net loss of at least HK$16.0 million for the first half of 2024, a significant downturn from the HK$30.6 million net profit reported in the same period of the previous year. The expected loss is due to a decrease in revenue from interest income and a substantial unrealized loss on US listed securities. Investors are urged to exercise caution when trading the company’s securities.

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