A & S Group (HKG:1737) expects an attributable loss of between HK$11 million and HK$15 million for the six months ended Sept. 30, compared with an attributable profit of HK$70,000 a year prior, a Monday Hong Kong bourse filing said.

The firm attributed the forecast to a lower overall cargo volume processed for the air freight forwarding ground handling services, as well as an inability to cut labor costs in proportion to the decline in revenue and handling volume.