China Hongqiao Group (HKG:1378) expects an increase of about 95% in its net profit for the full year 2024, compared with last year, a Tuesday Hong Kong bourse filing said.

The aluminum producer attributed the expected increase to the increase in its gross profits resulting from the higher sales prices of its aluminum alloy and alumina products, an increase in the sales volume of alumina products, and a decrease in the costs of major raw materials during the reporting year.