COSMOS MACH (00118) announces profit growth, expected annual comprehensive surplus of no less than HK$12 million, turning losses into gains compared to the previous year.

04/03/2025

DaTong Machinery (00118) releases announcement, with a comprehensive loss of about 59 million for the year ending on December 31, 2023.

COSMOS MACH (00118) announced that compared to the comprehensive loss of approximately HK$59.515 million for the year ended December 31, 2023, the Group is expected to record a comprehensive surplus of not less than HK$12 million for the year ended December 31, 2024, which has not been audited. The main reason for the turnaround from loss to profit is due to the non-recurring losses from selling the printed circuit board processing business and impairment losses on goodwill of the printed circuit board trading business, amounting to approximately HK$46.151 million and HK$29.1 million respectively for the year ended December 31, 2023. Excluding the above non-recurring items, the performance for the year ended December 31, 2024 is expected to be similar to last year.

HK Stock Market Move | TYK MEDICINES-B (02410) surged over 40%. The key registration phase II clinical results of Eliotinib were recently featured in the WCLC oral presentation.

HK Stock Market Move | BOAN BIOTECH (06955) rose more than 14%. The company currently has sufficient cash reserves and institutions are optimistic about its potential in the FIC innovation pipeline market.

Acquisition of CyberArk (CYBR.US) strengthens platform strategy, internet security giant Palo Alto (PANW.US) enters Wedbush's "Best Investment List".

HK Stock Market Move | TYK MEDICINES-B (02410) surged over 40%. The key registration phase II clinical results of Eliotinib were recently featured in the WCLC oral presentation.

Acquisition of CyberArk (CYBR.US) strengthens platform strategy, internet security giant Palo Alto (PANW.US) enters Wedbush's "Best Investment List".