Ka Shui International (HKG:0822) expects a wider attributable loss of up to HK$65 million for the year 2024, compared with HK$28.4 million a year prior, a Monday filing with the Hong Kong bourse said.

The smart home product maker attributed the wider anticipated loss mainly to an increase in resources allocated for infrastructure enhancements, process improvement, and manpower optimization; higher overall costs and expenses; and a lower gross profit margin.

Shares of the firm were down over 7% in recent trade.