Huabao Flavours & Fragrances (SHE:300741) expects an attributable loss of between 260 million yuan and 390 million yuan in 2024, compared with a profit of 379 million yuan a year prior, according to a Jan. 24 filing by parent Huabao International (HKG:0336).
The forecast was attributed to lower revenue amid changes in demand from major customers and a goodwill impairment loss and a provision for credit losses and asset impairments.
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