Newton Resources (HKG:1231) expects a net loss of about $500,000 for the six months ended June 30, 2025, compared with a net profit of about $1.4 million in the same period last year, according to an Aug. 8 Hong Kong bourse filing.

The expected decline was primarily due to reduced gross profit, caused by lower iron ore supply from a key supplier that led to decreased sales.

The full interim results are expected to be published in August.