SEM HLDGS (09929) announced that the group expects to achieve a net profit of no more than HK$300,000 for the six months ending June 30, 2025, compared to a net loss of approximately HK$7.4 million for the six months ending June 30, 2024. The board of directors believes that the turnaround from loss to profit is mainly attributable to (i) the group's improved gross profit margin for the six months ending June 30, 2025 compared to the six months ending June 30, 2024; and (ii) the reversal of impairment losses under the expected credit loss model due to the recovery of long-outstanding contract assets and trade receivables.