Nimble Holdings (HKG:0186) expects a profit of between HK$15 million and HK$30 million for the six months ended Sept. 30, a sharp decline from HK$110 million a year ago, a Friday Hong Kong bourse filing said.

The property company attributed the downbeat forecast to lower gross margins for properties delivered, impairment losses on properties under development and held for sale, and the absence of a gain from litigation recorded in the same period last year.