Capital Estate (00193) issues profit warning, expecting the annual net loss attributable to company owners to be no less than HK$13 million, turning from profit to loss year-on-year.

CAPITAL ESTATE (00193) announced that it is expected to incur a loss of no less than HK$13 million for the financial year ending on July 31, 2025, while it recorded a profit of HK$5.6 million for the year ending on July 31, 2024. The change from profit to loss for the year ending on July 31, 2025 is mainly due to a decrease in fair value of investment properties held by a joint venture company, resulting in a reduction of over HK$15 million in the attributable profit of the joint venture company; and an increase of over HK$2.5 million in depreciation of property, plant, and equipment after the renovation of the group's hotel properties.