Nissin Foods (HKG:1475) expects a profit attributable to the owners of about HK$195 million to HK$205 million in 2024, compared with HK$330.2 million for the corresponding period of the previous year, according to a Wednesday filing with the Hong Kong Bourse.

The company attributed the profit decline to one-time, noncash charges from asset impairment, estimated between HK$130 million and HK$140 million.

The instant noodles company plans to publish its annual results in April.

The company's shares were down over 2% in the recent trading.