Sinohope Technology Holdings (HKG:1611) expects a net profit of HK$60 million for the year ended Sept. 30, against a net loss of HK$288.7 million logged for the previous fiscal year, a Thursday Hong Kong bourse filing said.

The technology solution services company attributed the expected net profit to an increase in gross profit resulting from the increase in fund performance fee income and management fee income, a decrease in administrative expenses, and a gain and reversal of provision of impairment of certain deposits.