BBMG Corporation (02009) said it expects to record a not more than 10% increase in net profit attributable to shareholders for the six months ended 30 June 2014 as compared with the same period in 2013.
Such increase in net profit is mainly due to the increase in booked revenue of the property development segment during the relevant period.
For the first half of 2014, BBMG recorded consolidated sales volume of cement and clinker of 17.13 million tonnes, an increase of 4.6% from the same period last year; sales volume of concrete of 5.55 million cubic meters, up 1.5% year-on-year; and booked GFA of 781,000 square metres from property development, an increase of 79.5% from a year earlier.
Its interim results announcement is expected to be released next month.
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