Golden Resources Development International (HKG:0677) expects an attributable loss of HK$24.7 million for the six months ended Sept. 30, up from HK$4.6 million a year prior, a Monday Hong Kong bourse filing said.

Shares of the food production company were 1% in Tuesday afternoon trading.

The firm attributed the forecast to higher selling and distribution costs and a rise in the impairment loss of right-of-use assets and equipment.