CORRECTED-China Agri-Industries expects H1 net profit to rise 30 pct y/y

Fri Jul 26, 2013 6:05am EDT

(Corrects name of company in headline to Agri-Industries from Agri-business)

July 26 (Reuters) - China Agri-Industries Holdings Ltd , a unit of Chinese state-owned giant COFCO group, said on Friday that it expects its first-half net profit to rise 30 percent from a year earlier due to gains in the yuan and positive impact from its hedging model.

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(Reporting By Yimou Lee in HONG KONG; Editing by Lee Chyen Yee)