Shuanghui profit up 60 pct in H1

China's leading meat producer Henan Shuanghui Investment & Development Co predicted that it will report net profit of over 1.63 billion yuan ($266 million) in the first half of this year, up around 60 percent year-on-year, the company said in a filing posted on the Shenzhen Stock Exchange late Monday.

The company said the profit surge is mainly due to a rise in domestic demand and a restructuring of its product portfolio.

Shuanghui made a $4.7 billion offer last month to acquire US-based Smithfield Foods Inc, the world's biggest pork producer and processor.