Cosmos Machinery Reports Downturn in Mid-Year Profits

Cosmos Machinery Enterprises Limited (HK:0118) has released an update.

Cosmos Machinery Enterprises Limited reported a decline in revenue by 11.4%, gross profit by 8.6%, and profit for the period by a significant 31.6% in the first half of 2024 compared to the same period in 2023. The company did not declare an interim dividend for this period, similar to the previous year. Despite the setbacks, the group remains committed to navigating the challenging financial landscape as these interim results have been thoroughly reviewed by the company’s audit committee.

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