Natural Beauty Bio-Technology (HKG:0157) expects a net loss of around HK$102 million and HK$103 million in 2024, up from HK$15.1 million in 2023, a Friday Hong Kong bourse filing said.
The skin care products and services company attributed the forecast to an increase in sales and distribution expenses, higher impairment of assets for the sales of cosmetics in China, and an increase in fair value loss on the group's investment properties.
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