Value Partners Group Ltd. forecasts a 122.2% year-over-year rise in profit for the 2019 full year.
The company expects to post a consolidated profit attributable to owners of HK$510 million for the full year, up from HK$229.5 million in the prior-year period.
Value Partners attributed the expected rise in profit to the realized gains of the group's investments in its own funds and other investments of about HK$120 million and the unrealized gains of the investments of about HK$70 million.
Operating profit before other gains or losses for the period is forecast to decline year over year to about HK$340 million from HK$399.9 million.