China Investment and Finance Group (HKG:1226) expects a net profit of between HK$140 million and HK$155 million for the six months ended Sept. 30, compared with a net loss of HK$7 million a year prior, a Monday Hong Kong bourse filing said.
Shares of the agricultural and financial services provider were up 32% in Tuesday afternoon trading.
The firm attributed the forecast to the turnaround of the performance of the firm's listed equity investments to profit from loss previously.
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