APAC Resources (HKG:1104) expects an attributable loss of at least HK$300 million for the six months ended Dec. 31, 2024, compared with an attributable profit of HK$593 million a year prior, a Jan. 24 bourse filing said.

The commodities trader attributed the anticipated swing to loss mainly to a loss from changes in the fair value of financial assets and an impairment loss of the group's interest in its principal associate Mount Gibson Iron among other factors.