TCC International issues positive profit alert

TCC International Holdings Ltd said it expects to swing to a profit for the first half of this year compared to a loss for the corresponding period of 2016.

The Hong Kong-listed cement products manufacturer said an increase in product prices has helped earnings through the first half. It did not specify the expected profit for the January-June 2017 period. In the 1H16, TCC International posted a loss of HKD156.1m (US$20m).