First-half net profit at TCC Hong Kong Cement Holdings rose 53 per cent from a year earlier to $72.5 million, on the back of improved margins.
The result was achieved despite a slower 9.2 per cent increase in turnover to $196.4 million.
Earnings per share were 15.1 cents, up 14.4 per cent.
An interim dividend of three cents was proposed.
Chairman Leslie Koo Cheng-yun said despite the financial turmoil in Hong Kong, TCC's operating profit saw satisfactory growth because of increased revenue from sales of cement and a reduction in the cost of imported cement, mostly from Taiwan.
He said profit contributions from associated companies fell as a result of the disposal of a partial interest in one enterprise and a decrease in sales volume at another.
