Innovax (HKG:2680) expects a loss of between HK$32 million and HK$37 million for the year ended Feb. 28, compared with a profit of HK$1.8 million in the year-ago period, a Monday Hong Kong bourse filing said.

The financial company attributed the anticipated swing to loss mainly to an unrealized and realized loss on financial assets at fair value through profit or loss in the year, compared with a profit a year prior.