Sinohope Technology Holdings (HKG:1611) reported a profit attributable to the owners from continuing operations of HK$54.3 million for the year ended Sept. 30, compared with a loss of approximately HK$276.0 million in the previous year, according to a Monday filing with the Hong Kong Stock Exchange.

Earnings per share from continuing operations were HK$0.1163, reversing the loss per share of HK$0.8829 in the prior year.

The company's revenue dropped 44.6% year on year to HK$1.57 billion from HK$2.83 billion.

The company's shares were down nearly 4% in the recent trading.