Shenzhen Pagoda Industrial (Group) (HKG:2411) expects a loss attributable to owners between 350 million yuan and 400 million yuan in 2024, against an attributable profit of 361.7 million yuan logged for the preceding year, a Monday bourse filing said.

The fruit chain company attributed the expected loss to weak domestic consumption, a reduction in the number of stores, and an increase in expenses related to marketing and brand recognition.