Lisi Group (HKG:0526) expects a net profit of up to 50 million for the six months ended Sept. 30, compared with a net loss of 26.2 million a year prior, a Nov. 14 Hong Kong bourse filing said.
Shares of the household product maker surged nearly 18% in Monday afternoon trading.
The firm attributed the forecast to a decrease in valuation loss from the revaluation of investment properties, as well as lower impairment losses on financial and contract assets.
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