---
title: "COSMOS MACH announces a profit warning, expecting annual consolidated profit of no less than HKD 12 million, turning from loss to profit year-on-year"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230457188.md"
description: "COSMOS MACH expects an annual consolidated profit of no less than HKD 12 million by December 31, 2024, turning a profit from a loss. This is in contrast to a consolidated loss of approximately HKD 59.515 million as of December 31, 2023, mainly due to non-recurring losses from the sale of the printed circuit board processing business and goodwill impairment losses. Excluding non-recurring items, the performance is similar to last year"
datetime: "2025-03-04T09:31:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230457188.md)
  - [en](https://longbridge.com/en/news/230457188.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230457188.md)
---

# COSMOS MACH announces a profit warning, expecting annual consolidated profit of no less than HKD 12 million, turning from loss to profit year-on-year

According to the Zhitong Finance APP, COSMOS MACH (00118) announced that compared to a consolidated loss of approximately HKD 59.515 million for the year ending December 31, 2023, the group expects to record an unaudited consolidated profit of no less than HKD 12 million for the year ending December 31, 2024. The main reason for the turnaround from loss to profit is due to the non-recurring losses from the sale of the printed circuit board processing business and the impairment loss on the goodwill of the printed circuit board trading business, which amounted to approximately HKD 46.151 million and HKD 29.1 million, respectively, for the year ending December 31, 2023. After deducting the above non-recurring items, the performance for the year ending December 31, 2024, is expected to be similar to last year

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