Embry Holdings (HKG:1388) expects a loss attributable to owners of about HK$380 million for 2024, compared with HK$72 million a year earlier, according to a Thursday filing with the Hong Kong bourse.

The company attributed the increased loss to non-recurring and non-cash items. These include a HK$119 million impairment of property and equipment, a HK$69 million drop in investment property value, a HK$39 million asset impairment, and a HK$28 million deferred tax asset reversal.

The company´s shares were down over 1% in the recent trading.