Pu'er Lancang Ancient Tea (HKG:6911) expects an attributable loss of between 96.5 million yuan and 120 million yuan for the year 2024, compared with an attributable profit of 80.1 million yuan a year prior, a Monday filing with the Hong Kong bourse said.

The tea products manufacturer attributed the anticipated swing to loss mainly to a lower revenue, a failure to adjust and optimize fees and expenses in a timely way, and a rise in the provision for impairment of related assets and credits.

Price (HKD): $3.99, Change: $-0.0100, Percent Change: -0.25%