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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.