LX Technology Group (HKG:2436) expects to post a net profit of up to 5 million yuan for the six months ended June 30, compared with a loss of about 40.6 million yuan a year earlier, according to a Thursday Hong Kong bourse filing.
The expected turnaround was mainly driven by revenue growth of at least 150 million yuan from 942.6 million yuan last year, helped by the expansion of service offerings, along with expense reductions due to cost controls and process optimisation.
The board will meet on Aug. 26 to approve interim results and consider an interim dividend.
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