Playmates (HKG:0635) expects a pre-tax loss of around HK$259 million in 2024, compared with a pre-tax profit of HK$170 million a year prior, a Thursday filing with the Hong Kong bourse said.

The real estate investor attributed the anticipated loss mainly to a higher unrealized revaluation deficit from the revaluation of its investment properties, as well as the impact of a lower profit of PTL Group on its performance.