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The latest update is out from Cocoon Holdings Limited ( (HK:0428) ).
Cocoon Holdings Limited reported a significant financial downturn for the year ended December 31, 2024, with revenue dropping to approximately HK$254,000 from HK$1,399,000 the previous year. The company experienced a loss of approximately HK$76,810,000 compared to a profit of HK$53,505,000 in the prior year, leading the Board to not recommend a final dividend payment. This financial performance reflects challenges in the company’s operations and may impact its market positioning and stakeholder confidence.
More about Cocoon Holdings Limited
Cocoon Holdings Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. It is listed on the Stock Exchange of Hong Kong and engages in financial activities, including trading securities.
YTD Price Performance: -19.23%
Average Trading Volume: 742,605
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$28.12M
See more data about 0428 stock on TipRanks’ Stock Analysis page.