Building contractor IBI (HKG:1547) expects a net profit of around HK$8.6 million for the year ended March 31, up from HK$400,000 a year prior, a Thursday Hong Kong bourse filing said.

The firm attributed the higher profit mainly to the recognition of an unrealized profit from financial assets at fair value through profit or loss, the recognition of a significant fair value loss on investment property, and a profit contribution from the building solutions segment.