HK Stock Market Move | CAPITAL FIN (08239) fell nearly 18%, with an expected increase in last year's losses to over HK$28 million.

Capital FIN (08239) fell nearly 18%, with a drop of 17.96% to HK$10.46 at the time of writing, with a trading volume of HK$3,652,800. On the news front, Capital FIN issued a profit warning last night, expecting a loss of no less than HK$28 million for the fiscal year 2025 for the company's owners, compared to a loss of approximately HK$16.9 million in the same period last year. The board of directors believes that the expected increase in losses is mainly due to administrative and other expenses increasing by approximately HK$7.7 million compared to the fiscal year 2024; the cumulative translation loss recognized in previous comprehensive income when a subsidiary was deregistered in fiscal year 2025 increased by approximately HK$4.1 million; and a temporary difference in expected credit losses related to customer loans resulting in an increase in income tax expenses by approximately HK$24 million compared to the fiscal year 2024.