August 9 -- Guangdong Tapai Group (002233) posted a 157.9-percent year-on-year increase in net profits from the first half of 2011 to 290 million yuan, with earnings per share of 0.35, reports p5w.net, citing a company filing. Revenue surged 50.4 percent year-on-year to 1.946 billion yuan.

The listed company attributed the increase in net profit to rising cement capacity and demand during the reporting period.

In light of higher cement prices, Guangdong Tapai Group expects a 120-170 percent year-on-year increase in net profit in first three quarters of the year. Its net profit was 185 million yuan in first three quarters last year.