Builder Horizon Construction Development (HKG:9930) expects an 80% to 90% decline in attributable profit for the six months ended June 30 from 268.2 million yuan a year prior, a Friday Hong Kong bourse filing said.

The firm attributed the anticipated lower profit mainly to a decline in the rental price of the equipment, a lower revenue from engineering and technical services, and a negative effect of moving domestic equipment and materials to overseas business outlets on equipment utilization rate among other factors.