Cosmopolitan International Holdings Reports Increased Loss for 2024; Net Loss Widens to HK$453.1 Million

Reuters
08/01
Cosmopolitan International Holdings Reports Increased Loss for 2024; Net Loss Widens to HK$453.1 Million

Cosmopolitan International Holdings Ltd. has released its audited financial results for the financial years ended 31 December 2023 and 31 December 2024. For the year ending 31 December 2024, the company reported a loss before taxation of HK$366.7 million, compared to a loss of HK$328.2 million in the previous year. The loss after taxation increased to HK$453.1 million from HK$372.3 million. As of 31 December 2024, Cosmopolitan reported total assets amounting to HK$3,303.5 million, a decrease from HK$3,987.6 million recorded at the end of the previous year. Net assets also declined to HK$681.1 million from HK$1,186.4 million. The company has undergone a significant change in its shareholding structure due to the completion of a Placing, which involved the issuance of 100,000,000 new shares. This has resulted in the dilution of Century City's shareholding in Cosmopolitan from approximately 70.30% to approximately 65.06%. Despite this change, Cosmopolitan continues to be a non-wholly owned indirect subsidiary of Century City, with its financial results remaining consolidated into the accounts of Century City Group.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cosmopolitan International Holdings Ltd. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.

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