Cosmopolitan International Holdings Limited (HK:0120) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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.
For further insights into HK:0120 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue