Cosmopolitan International Holdings Limited (HK:0120) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.