VPower Group International Holdings (HKG:1608) expects to post a consolidated profit attributable to owners of about HK$20 million for the six months ended June 30, reversing a HK$139 million loss a year earlier, according to a Wednesday Hong Kong bourse filing.

The turnaround is mainly due to gains from the disposal of certain power-generating assets for about 726.9 million yuan and lower interest expenses following debt repayment, the filing said.

Final results are expected by the end of August.

Shares of the distributed power provider surged nearly 13% in recent trade.