Shunten International (HKG:0932) expects an attributable loss of between HK$8 million and HK$13 million for the six months ended Sept. 30, up from HK$4.3 million a year prior, a Nov. 14 Hong Kong bourse filing said.
Shares of the health supplements distributor were nearly 4% higher in Monday afternoon trading.
The firm attributed the forecast to higher selling and distribution expenses, a rise in cost of sales, and an increase in rent from special designated counters at stores of a retail chain distributor.