New Concepts (HKG:2221) expects to incur a loss for the fiscal year ending March 31, according to a Friday bourse filing.
Shares declined 10% in Monday's afternoon trade.
The environmental protection services company expects to incur a loss of up to HK$100 million compared to a profit of HK$2.9 million a year earlier.
The company attributed the decline to a host of factors, including a rise in expenses.
New Concepts expects to post its annual results on June 30.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.