Shouhui Group (HKG:2621) said it expects to post a profit in H1, according to a Hong Kong bourse filing Thursday.

Shares of the insurer rose over 6% in recent Friday trade.

The company expects a profit of 660 million yuan to 680 million yuan for the six months ended June 30, compared to a net loss in the year-ago period.

Meanwhile, revenue is expected to come in at 545 million yuan to 565 million yuan, a decrease of 140 million yuan to 160 million yuan year over year, the company said.

The company expects to report its results by the end of August, it said.