Vanke Overseas Investment Holding Company (HKG:1036) expects a loss attributable to the shareholders of about HK$50 million for 2024 compared with a profit of HK$28 million a year earlier, according to a Monday filing with the Hong Kong bourse.

The company attributed the expected loss to a non-cash provision on development properties, with no cash flow impact.

The property investment, management, and development business plan to publish its annual results in March.

The company's shares were up over 4% at the close of trading.