Congyu Intelligent Agricultural (HKG:0875) expects a net loss of around HK$130 million in 2024, compared with a net profit of HK$51.4 million a year prior, a Monday Hong Kong bourse filing said.
The agricultural products trader attributed the swing to loss mainly to a lower gain on the disposal of subsidiaries, as well as impairment losses on trade receivables compared with a reversal of trade losses in the year-ago period.
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