Modern Healthcare Technology (HKG:0919) expects to post a profit of at least HK$5 million for the six months ended Sept. 30, reversing a loss of about HK$16 million a year earlier, according to a Sunday Hong Kong bourse filing.

Shares of the firm were up nearly 3% in Monday morning trade.

The improvement was primarily attributed to leaner operations and reduced labor costs, according to the filing.

Modern Healthcare is finalizing its results, which are due by the end of November.