Carote (HKG:2549) expects to have recorded a 40% to 50% period-on-period increase in its revenue for the first three quarters of the year, a Monday Hong Kong bourse filing said.

The professional cookware and kitchenware company attributed the increase to the active expansion of its branded business, for which the company recorded a 45% to 55% period-on-period increase in revenue for the first three quarters of the year.

The company's shares closed over 11% lower on Tuesday.

Price (HKD): $18567.19, Change: $+49, Percent Change: +0.26%