Jakota Capital (Holding) (HKG:1468) expects a net loss of up to HK$41 million for the six months ended Sept. 30, compared with a net profit of HK$2.4 million a year prior, a Tuesday Hong Kong bourse filing said.

Shares of the insurance company were up over 1% in Wednesday afternoon trading.

The firm attributed the forecast to a rise in the provision for the impairment of loan receivables.