Cocoon Holdings Faces Steep Decline in H1 2024

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

Cocoon Holdings Limited reported a significant downturn in its interim financial results for the first half of 2024, with revenue plummeting to HK$77,000 from HK$1.3 million in the previous year, and a loss of HK$19.0 million compared to a profit of HK$30.6 million in 2023. This disappointing performance was also reflected in a basic loss per share of HK cents 3.03, a stark contrast to the basic earnings per share of HK cents 5.90 reported in the same period last year.

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