E. Bon Holdings (HKG:0599) expects a pre-tax loss of between HK$23 million and HK$25 million for the year ended March 31, compared with HK$11.9 million a year prior, according to a Tuesday Hong Kong bourse filing.
The architectural hardware and household equipment wholesaler attributed the forecast to a non-cash impact from the revaluation of certain properties, as well as a lower revenue and gross profit.