Cosmopolitan International Holdings Limited announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of HKD 3,775,000 against HKD 6,139,000 a year ago. Operating profit before depreciation was HKD 98,547,000 against HKD 57,884,000 a year ago. Operating profit was HKD 92,478,000 against HKD 51,632,000 a year ago. Profit before tax from continuing operations was HKD 51,490,000 against HKD 11,768,000 a year ago. Profit for the period from continuing operations was HKD 38,240,000 against HKD 11,768,000 a year ago. Profit attributable to the equity holders of the parent was HKD 35,175,000 or 0.53 cents per basic and diluted share against HKD 13,107,000 or 0.98 cents loss per diluted share a year ago. Net asset value per share (including ordinary share and convertible preference share) attributable to equity holders of the parent was HKD 0.18. The profit achieved was mainly attributable to the fair value gains on the Group's financial assets and the write-back of the impairment loss on the Group's property under development in Chengdu, China. Net cash flows generated from operating activities during the period under review amounted to HKD 647.9 million against HKD 221.8 million a year ago.

The company expects that the Group's results for the financial year ending December 31, 2017 will be significantly better than that in the preceding year.