Grand Ming Group (HKG:1271) expects a net loss of between HK$25 million and HK$30 million for the six months ended Sept. 30, compared with a net profit of HK$52.6 million a year prior, a Tuesday Hong Kong bourse filing said.

The construction firm attributed the forecast to a lower revenue and gross profit, and a significantly lower fair value gain from the revaluation of investment properties under development.