Adelaide Brighton Ltd said Thursday that it expects net profit in 2010 to be above that in 2009.
In a presentation to Macquarie Securities, the company also said it "continues to pursue investment opportunities in line with the strategy of focused and relevant integration".
A strong Australian dollar would help profitability on imports but could constrain price increases, the company said.
Cost pressures are continuing, particularly in energy, but cement demand is stronger compared with 2009, it said.
"On this basis Adelaide Brighton expects 2010 net profit after tax to be higher than 2009," it said.
In 2009, the company had a net profit of A$123.1 million.