Art Group (HKG:0565) expects a turnaround to a profit of up to HK$27 million for the fiscal first half ended Dec. 31, 2024, against a net loss of HK$38 million from a year ago, a Tuesday bourse filing said.

The property company attributed the expected turnaround to a gain from the bargain purchase of a subsidiary and a one-off gain on the termination of a certain lease and relevant costs.