E-Commodities (HKG:1733) expects to report a drop in its profit for the first half of 2025, according to a Hong Kong bourse filing Tuesday.

Shares of the coal trader fell 4% in late-morning trade Wednesday.

Attributable profit for the six months ended June 30 is expected to decrease to HK$120 million to HK$140 million from HK$782.9 million a year earlier.

Revenue for the period is expected to drop to HK$11 billion to HK$13 billion from HK$19.9 billion in the prior year.

E-Commodities' financial results are due Aug. 22.