LH Group (HKG:1978) expects a loss attributable to the shareholders of no more than HK$36.0 million for 2024, against an attributable profit of about HK$88.1 million a year earlier, according to a Friday filing with the Hong Kong bourse.

The company attributed the loss to a lower revenue due to weak local catering spending as well as impairment provisions for underperforming stores' assets.

The operation of full-service restaurant business plans to publish its annual results by the end of March.

The company's shares were down almost 8% at the close of trading.