Shenzhen International Holdings (HKG:0152) expects a profit attributable to shareholders between HK$2.80 billion and HK$3.10 billion in 2024, 53% to 63% up from last year, a Monday Hong Kong bourse filing said.

The logistics company attributed the expected increase to a reduction in foreign exchange losses, recognition of a profit from certain land replacement, and an injection of two logistic hub projects into a publicly traded REIT.