Cosmo Lady books 1.3b yuan loss

Chinese lingerie maker Cosmo Lady (2298) recorded a net loss of 1.3 billion yuan (HK$1.4 billion) last year, compared with a net profit of 378.2 million yuan in 2018.

Revenue fell by nearly 20 percent year-on-year to 4.08 billion yuan last year.

The basic loss per share was 57.76 fen.

Cosmo Lady said it will also step into personal hygiene business in 2020. Face masks and anti-bacterial intimate wear products, including bras, underwear, vests and sleepwear, will be launched in the second quarter, or second half this year.