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2022-08-18 13:27:59
COCOON HOLDINGS (00428) expects 1H loss to widen

(Infocast News) COCOON HOLDINGS (00428) issued a profit warning. The group is expected to record a net loss ranging from HK$33.0 million to HK$35.0 million for the six months ended 30 June 2022 as compared to the net loss of HK$3.0 million for the corresponding period in 2021.

Such increase in unaudited consolidated net loss for the reporting period was primarily attributable to the significant increase in unrealised loss on listed investments due to the uncertain macro-economic environment. (WL)