China Investment and Finance Group (HKG:1226) expects a net profit of between HK$140 million and HK$155 million for the six months ended Sept. 30, compared with a net loss of HK$7 million a year prior, a Monday Hong Kong bourse filing said.

Shares of the agricultural and financial services provider were up 32% in Tuesday afternoon trading.

The firm attributed the forecast to the turnaround of the performance of the firm's listed equity investments to profit from loss previously.