IBI GROUP HLDGS (01547) announced a profit forecast of approximately HKD 4.2 million for the mid-term.

IBI GROUP HLDGS (01547) announced that the Group expects to achieve unaudited net profit of approximately HK$4.2 million for the six months ended September 30, 2024, compared to unaudited net loss of approximately HK$4.9 million for the six months ended September 30, 2023. The improvement in the expected results is mainly due to unrealized gains generated from financial assets recognized at fair value in the profit and loss, whereas unrealized losses were recognized in the previous period. Additionally, the Building Solutions division has shown improvement and is contributing profits to the Group.