YTO International Express and Supply Chain Technology (HKG:6123) expects a net loss of between HK$37 million and HK$46 million for the year 2024, compared with a net profit of HK$96.5 million a year prior, a Thursday filing with the Hong Kong bourse said.

The supply chain company attributed the anticipated swing to loss mainly to a decline in the gross profit of its air freight and international express, as well as a one-off investment disposal loss.