July 1 -- Jiangxi Wannianqing Cement (000789) forecasts its first half-net profit will total 270-300 million yuan, returning from losses of 28.9 million yuan in the first half of 2010, reports yicai.com, citing a company filing.

The Nanchang-based company said its prices and sales volume both increased significantly due to the central government’s affordable housing programs and infrastructure construction works since the second half of 2010.

Source:CapitalVue