Lygend Resources & Technology (HKG:2245) expects attributable profit of between 2.25 billion yuan and 2.5 billion yuan for the six months ending June 30, up 57% to 75% from the year-ago figure of 1.43 billion yuan.

Operating revenue is expected to rise by 35% to 49% to between 24.5 billion yuan and 27 billion yuan in the half year from 18.2 billion yuan a year prior, according to a Thursday Hong Kong bourse filing.

The forecast came about amid the start of production of the KPS production lines and a rise in product selling prices from January to May, the nickel company said.