China High Precision Automation Group (HKG:0591) expects a net profit attributable to the owners of about 14.5 million yuan to 16.5 million yuan for the six months ended Dec.31, compared to the loss of about 5.7 million yuan for the corresponding period of the previous year, according to a Friday filing with the Hong Kong Bourse.
The company attributed the turnaround to the rise in sales of automation instruments, technology products, and consigned processing services related to these items.
The manufacturers and sellers of precision instruments products plan to publish their interim results by the end of February.
The company's shares were up almost 21% at the close of trade.
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