COSMOPOL INT'L (00120) expects a comprehensive loss attributable to shareholders of approximately HKD 453 million in 2025.
COSMOPOL INT'L (00120) announced that the group is expected to incur a comprehensive loss attributable to shareholders of approximately HK$453 million in the fiscal year 2025, compared to a loss of HK$453.1 million in the previous year.
COSMOPOL INT'L (00120) announced that it is expected to incur a comprehensive loss attributable to shareholders of approximately HK$453 million in the fiscal year 2025, compared to a loss of HK$453.1 million in the previous year.
The announcement stated that the progress of sales for the remaining commercial and retail portions of two comprehensive development projects located in Chengdu and Tianjin was very slow. Additionally, due to pressure on property values, impairment losses of approximately HK$393 million were recognized on the unsold properties within these two development projects, which had a negative impact on the Group's financial performance for the review year.
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