Kingboard Laminates Holdings Limited announced that, based on the preliminary review of the unaudited management accounts of the KBL Group for the six months ended 30 June 2017 and the information currently available to the KBL Board, the KBL Group is expecting to record an increase in the net profit of over 100% for the six months ended 30 June 2017 as compared with the corresponding period in 2016. The expected increase in the net profit of the KBL Group is mainly attributable to the increase in profit margin of the products manufactured and sold by the KBL Group. As a result of undersupply, market prices of glass fabric and other upstream materials rose significantly during the period, leading to several price increases of laminates.