HPC Holdings (HKG:1742) expects a net profit of about SG$31.3 million for the six months ended April 30, up from SG$644,000 a year prior, a Wednesday Hong Kong bourse filing said.
The construction services firm attributed the higher anticipated profit mainly to the recognition of a gain from a bargain purchase related to an acquisition, as well as the launch of more ongoing projects in the period.
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.