I-Control (HKG:1402) expects a net profit of up to HK$1 million for the year ended March 31, compared with a net loss of HK$18.8 million a year prior, according to a Friday filing with the Hong Kong bourse.

The IT service management company attributed the forecast to a lower impairment loss on a loan to an investee, a drop in staff costs and other operating expenses, and the disposal of loss-making units.