BetterLife Holding (HKG:6909) said it expects profit attributable to owners to fall by no more than 80% for the first half, from 33.9 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.

Shares of the firm gained nearly 5% in Thursday's late afternoon trade.

The company said the decline was mainly due to weaker automobile sales amid soft macroeconomic conditions and subdued market sentiment, which reduced both gross profit and margins.

Interim results are expected by the end of August.