"Profit Alert" COCOON HOLDINGS' realized net income increases, forecasted mid-term loss turns into profit

COCOON HOLDINGS (00428.HK) issued a profit warning, expecting a profit of between HKD 2.5 million and HKD 3.5 million for the six months ending in June, compared to a loss of HKD 19 million in the same period last year. The turnaround from loss to profit is mainly due to a decrease in unrealized net losses on listed securities and an increase in realized net gains from the sale of listed securities