Cement producer Adelaide Brighton Ltd expects to improve on its 2004 result this year. "...Our performance is on track to meet our 2005 business plan targets and to deliver a further improvement upon our 2004 result," Adelaide Brighton chairman Malcolm Kinnaird told shareholders at the company’s annual general meeting. Adelaide Brighton announced a net profit to $81.45 million for the year to December 31, 2004, up 41 per cent on the previous corresponding period.