Asia Orient Holdings (HKG:0214) expects a loss attributable to the shareholder of about HK$210 million to HK$270 million for the six months ended Sept. 30, narrower than the HK$619 million loss a year earlier, according to a Thursday filing with the Hong Kong bourse.

The company attributed the expected reduction in loss to the increased profits from property development and decreased credit losses on investment in financial assets.

The financial investment business company plans to publish its interim results on or before the end of November.

The company's shares were up over 1% in the recent trading.