Hopson Development (HKG:0754) expects a loss of at least HK$1.6 billion in the first half of 2025, compared with a profit in the year-ago period, a late Monday Hong Kong bourse filing said.

Shares of the property developer were down 2% in Tuesday afternoon trading.

The firm attributed the forecast to a lower revenue and a loss from the disposal of an associate.

The company's underlying profit for the period is expected to be HK$750 million or higher.