Beauty retailer Bonjour Holdings has advised it expects to record a “substantial increase” in its consolidated net loss for the year ended December 31.

Based on a preliminary assessment of the unaudited consolidated management accounts, the expected loss has been mainly attributed to the group having to make a one-off impairment writedown for its available-for-sale financial assets.

Apart from the impairment loss, the group says its main business was up overall during the year. It expects turnover to improve year on year to a low single-digit decrease from a 9.3 per cent decrease.

Sales returns for the second half of the year are also expected to improve significantly from a drop of 6.3 per cent for the first six months.