Aeon Stores (Hong Kong) (HKG:0984) expects a loss attributable to shareholders between HK$340 million and HK$380 million for 2024, Wider than HK$189 million logged for 2023, a Tuesday Hong Kong bourse filing said.

The retail department store business company attributed the increase in loss to a shift in consumer behavior, consumption patterns, outbound travel, and high Hong Kong dollar interest rates during the reporting period.

Shares of the company closed over 28% higher on Tuesday.

Price (HKD): $0.50, Change: $+0.11, Percent Change: +28.21%