Xiabuxiabu Catering Management (China) (HKG:0520) said it expects its H1 loss to narrow by up to 70.5% year over year, according to a Hong Kong bourse filing Monday.
Shares of the restaurant operator fell nearly 4% in recent morning trade.
The company expects to post a loss of 80 million yuan to 100 million yuan, a decrease of 63% to 71% when compared to the 274 million yuan loss posted in the year-ago period.
Revenue for the period is expected to fall nearly 19% year over year to 1.9 billion yuan, the company said.
The company expects to report its results by the end of this month.
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