Pu'er Lancang Ancient Tea (HKG:6911) expects an attributable loss of between 96.5 million yuan and 120 million yuan for the year 2024, compared with an attributable profit of 80.1 million yuan a year prior, a Monday filing with the Hong Kong bourse said.
The tea products manufacturer attributed the anticipated swing to loss mainly to a lower revenue, a failure to adjust and optimize fees and expenses in a timely way, and a rise in the provision for impairment of related assets and credits.
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