Its clinker and cement production capacity expanded significantly due to the completion of the acquisition of Upper Value Investments Ltd in April 2010, the company said in a statement.
China’s cement prices have risen on surging demand due to the country’s strong economic growth and infrastructure boom.
TCC, a unit of Taiwan Cement Corp , posted net profit of HK$112.2m (US$14.4m) in the first half of 2010.
The profit forecast compares with an average forecast among analysts of HK$1.8bn net for the whole of 2011, according to Thomson Reuters.
The company said its profit projection, for which it gave no specific figure, was based on a preliminary review of the unaudited internal management accounts of the group, and that first-half results will be announced before the end of August.
