Tak Lee Machinery Holdings (HKG:2102) expects to log 60% to 70% higher net profit for the six months ended Jan. 31, compared with the same period in 2024, a Monday Hong Kong bourse filing said.

The earthmoving equipment and spare parts company attributed the expected increase to a rise in sales and leasing of heavy equipment during the reporting period resulting from increased demand.

Shares of the company closed over 4% higher on Monday.