IBI (HKG:1547) forecasts it will return to a net profit of HK$4.2 million in the half-year ended Sept. 30 from a loss of HK$4.9 million in the year-ago period, according to a Tuesday filing with the Hong Kong Exchange.
The foreseen improvement by the contractor is attributable to unrealiezed profit from financial assets at fair value and positive results from IBI's building solutions business, the filing said.
Shares closed 4% during Tuesday's trading.
Price (HKD): $0.24, Change: $+0.0100, Percent Change: +4.37%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.