COCOON HOLDINGS (00428) Issues Profit Alert, Anticipates Net Profit Attributable to Shareholders of No Less Than HK$10 Million for 2025 Fiscal Year

Stock News03-20

The company announced that the group expects to record a net profit attributable to its owners of no less than HK$10 million for the fiscal year ending December 31, 2025. This contrasts with a net loss attributable to owners of approximately HK$76.8 million reported for the 2024 fiscal year. The primary reason for this shift from a net loss to a net profit is an improvement in the performance of certain publicly traded securities held by the group during the reporting period. Specifically, the group achieved a net gain of no less than HK$15 million from equity securities classified as financial assets at fair value through profit or loss. This stands in stark contrast to the net loss of HK$72.2 million recorded for these securities in the 2024 fiscal year.

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