IBI (HKG:1547) forecasts it will return to a net profit of HK$4.2 million in the half-year ended Sept. 30 from a loss of HK$4.9 million in the year-ago period, according to a Tuesday filing with the Hong Kong Exchange.
The foreseen improvement by the contractor is attributable to unrealiezed profit from financial assets at fair value and positive results from IBI's building solutions business, the filing said.
Shares closed 4% during Tuesday's trading.
Price (HKD): $0.24, Change: $+0.0100, Percent Change: +4.37%
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