KEEN OCEAN (08070) has issued a positive profit alert, expecting a mid-term net profit of approximately HKD 23 million, an increase of about 161.4% year-on-year.

KEEN OCEAN (08070) announced that the Group expects to achieve revenue of approximately HKD 215 million for the six months ending June 30, 2026 (the Period), which represents a significant increase of approximately 56.5% compared to the revenue of approximately HKD 137 million for the six months ending June 30, 2025; the Group anticipates a gross profit margin of approximately 25.3% for the Period, up about 3.7% from the gross profit margin of approximately 21.6% for the six months ending June 30, 2025; and the Group expects to achieve a net profit of approximately HKD 23 million for the Period, a substantial increase of approximately 161.4% compared to the net profit of approximately HKD 8.8 million for the six months ending June 30, 2025. Based on the information currently available, the Board believes that the expected increase in revenue for the Period is mainly driven by rising customer demand. The expected increase in gross profit margin is due to a shift in the product mix towards higher-margin products. The anticipated increase in net profit is primarily due to an increase in sales and a shift in the product mix towards higher-margin products.