CAPITAL ESTATE (00193.HK):FY loss of at least HK$29m
- The share of results of an associate turned from a profit of about HK$5.0 million for the year ended 31 July 2025 to a loss of over HK$6.0 million for the year ended 31 July 2026.
- The associate's turnaround was due to lower rental and other service income from hotel operations and a decline in the fair value of its investment properties.
NewTimeSpace News: On 13 October 2026, Capital Estate Limited (stock code: 00193.HK) issued a profit warning. Based on currently available information, the Group expects a loss attributable to owners of the Company of at least HK$29.0 million for the year ended 31 July 2026, against a loss of about HK$13.9 million for the year ended 31 July 2025.
The wider loss is mainly due to (i) a turnaround from profit to loss in the Group's share of results of an associate, from a profit of about HK$5.0 million in the prior year to a loss of over HK$6.0 million for the year under review, on lower rental and other service income from hotel operations and a decline in the fair value of the associate's investment properties; and (ii) slower property sales. The information is a preliminary assessment based on unaudited management accounts for that year, is unaudited and may be adjusted. Full details will follow in the annual results announcement due in October 2026.
