Nanjing Sinolife United (HKG:3332) expects its net profit to fall to between 32 million yuan and 38 million yuan in 2024 from 52.6 million yuan in 2023, according to a Friday filing with the Hong Kong bourse.
The foreseen decline is attributable to higher marketing and promotional expenses, the supplements company said in its disclosure.
Nanjing Sinolife plans to release full-year results in March.
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