HPC Holdings (HKG:1742) expects to swing to an SG$8.5 million attributable loss for the year ended Oct. 31, 2024, from an attributable profit of SG$3.1 million a year prior, a Thursday bourse filing said.

The construction services firm attributed the downbeat forecast mainly to a drop in construction activity, cost overrun resulting from an extension in the completion period of a particular project, and higher administrative and overhead costs.