Times Neighborhood (HKG:9928) expects a net profit of at least 10 million yuan for the year 2024, compared with a net loss of 204 million yuan a year prior, a Thursday filing with the Hong Kong bourse said.

The property management services provider attributed the anticipated turnaround to profit mainly to a steady performance of its core business, a higher revenue from certain value-added businesses, and a reduction in goodwill impairment loss.