Boyaa Interactive International (HKG:0434) said it expects profit attributable to owners for the nine months ended Sept. 30 to increase by about 105% to 115% from a restated HK$234 million a year earlier, according to a Nov. 7 Hong Kong bourse filing.

Shares of the firm were up nearly 3% in Monday's late-morning trade.

The sharp rise was mainly due to a larger fair value gain on digital assets compared with the same period last year, the company said.

Excluding non-operating factors such as changes in the fair value of digital and financial assets, Boyaa expects underlying profit to decline by 30% to 35% year-on-year.

The company plans to release its unaudited third-quarter results on Nov. 17, the filing added.