APAC Resources (HKG:1104) expects an attributable profit of between HK$160 million and HK$240 million for the fiscal year ended June 30, down from HK$390 million a year prior, a Tuesday Hong Kong bourse filing said.

The natural source investment and commodity trading business attributed the forecast to a loss in the commodity segment, lower profits contributed by multiple business wings, and a share of loss from principal associate Mount Gibson Iron among other factors.