Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Cosmos Machinery Enterprises Limited ( (HK:0118) ) has shared an update.
Cosmos Machinery Enterprises Limited has announced a positive profit alert, expecting to record an unaudited consolidated profit of not less than HK$12 million for the year ended December 31, 2024. This marks a significant turnaround from a loss of approximately HK$59.5 million in 2023, primarily due to non-recurring losses related to the disposal of a printed circuit board processing business and an impairment loss on goodwill. The final results are yet to be finalized and may differ from the preliminary assessment.
More about Cosmos Machinery Enterprises Limited
Cosmos Machinery Enterprises Limited is a company incorporated in Hong Kong, operating within the machinery industry. The company, along with its subsidiaries, focuses on various machinery-related businesses.
YTD Price Performance: -6.67%
Average Trading Volume: 94,131
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$144.8M
For a thorough assessment of 0118 stock, go to TipRanks’ Stock Analysis page.