Cosmopolitan International Holdings Limited (HK:0120) has released an update.
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Cosmopolitan International Holdings Limited reported a significant increase in revenue, yet a substantial rise in losses for the first half of 2024, primarily due to taxation on property projects in China and a sluggish real estate market. Despite the challenges, the company’s development projects in Chengdu and Tianjin are progressing, with sales showing some recovery following the easing of purchase restrictions. The directors are optimistic about potential future revenue generation from these projects.
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