In a positive profit alert, Sogo parent Lifestyle International Holdings says it is expecting an increase of not less than 185 per cent in profit attributable to the owners of the company for the six months to the end of June.

Based on the unaudited consolidated management accounts of the department store owner, the profit increase mainly attributable to a one-off gain on the disposal of the group’s 59.56 per cent interest in Lifestyle Properties Development in April, plus net investment income following a net investment loss last year, and a revaluation surplus in respect of investment properties.

Financial information and other details will be disclosed in the group’s interim results announcement for the six months, expected to be published on August 7.