Capital Estate (HKG:0193) expects an attributable loss of at least HK$7 million for the six months ended Jan. 31, compared with an attributable profit of HK$6.3 million a year prior, a Monday filing with the Hong Kong bourse said.
The hotel operator attributed the anticipated swing to loss mainly to a fair value loss from its financial investment portfolio compared with a fair value gain in the year-ago period, as well as a lower share of profit from an associate.
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