ITC Properties Group (HKG:0199) expects an attributable loss of at least HK$100 million for the six months ended Sept. 30, down from HK$504.3 million a year prior, a Tuesday Hong Kong bourse filing said.

The property business attributed the fiscal first-half forecast to a lower loss in property valuation, a reduction in operating costs, and the absence of a loss from the disposal of interest in a hotel property in Canada.