Wan Kei Group (HKG:1718) expects a net profit of at least HK$1 million for the six months ended Sept. 30, compared with a net loss of over HK$11.7 million a year prior, a Friday Hong Kong bourse filing said.

The foundation works provider attributed the forecast to the implementation of a sizable foundation construction project, lower general and administrative expenses, a fair value gain on financial assets at fair value through profit or loss, and a gain on the disposal of units.