Silver Tide (HKG:1943) expects a net loss of between HK$62 million and HK$64 million for the six months ended Sept. 30, up from HK$2.4 million a year prior, a Monday bourse filing said.

The construction company attributed the anticipated loss mainly to a lower revenue due to the intense market competition and a rise in administration expenses and discretionary bonus to staff.

Shares of the company closed over 8% lower on Monday.