HK Stock Market Move | KING'S STONE (01943) rises over 6% in the morning, expects annual net loss after tax to narrow, with income increasing to approximately HK$556 million.

King's Stone (01943) rose more than 6% in the morning, with an increase of 6.06% as of the time of writing, reaching 0.7 Hong Kong dollars, with a turnover of 46.306 million Hong Kong dollars. On the news front, on June 18, King's Stone announced that the company expects to record a net loss after tax of not less than 140 million Hong Kong dollars for the year ending March 31, 2026 (this year), compared to a net loss of approximately 99.40 million Hong Kong dollars for the year ended March 31, 2025. The expected decrease in the loss for this year is mainly attributed to an increase in revenue from approximately 173 million Hong Kong dollars to approximately 556 million Hong Kong dollars; and a decrease in administrative expenses from approximately 48.80 million Hong Kong dollars to approximately 30.80 million Hong Kong dollars.