BBMG Corporation (02009) said it expects to record an increase of between 60% and 80% in net profit attributable to shareholders for the six months ended 30 June 2016 as compared with the same period in 2015.
Such expected growth is mainly due to the increase in booked revenue of the property development segment during the relevant period.
For the six months ended 30 June 2016, the Group recorded consolidated sales volume of cement and clinker of 20.6 million tones, representing an increase of 20.5% year-on-year; sales volume of concrete of 5.90 million cubic meters, representing an increase of 13.7% year-on-year; and booked gross floor area of 727,000 square metres from property development, representing an increase of 82.7% year-on-year.
Its interim results announcement is expected to be issued next month.
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