KEEN OCEAN Issues Profit Alert, Forecasts FY2025 Net Profit of Approximately HK$38.92 Million

Stock News
02/25

KEEN OCEAN INTERNATIONAL HOLDINGS (08070) has announced a positive profit forecast. The group anticipates revenue of approximately HK$385 million for the fiscal year ending December 31, 2025. This represents an increase of about 34.1% compared to the revenue of roughly HK$287 million recorded for the previous fiscal year ending December 31, 2024. The company also expects to achieve a gross profit margin of around 22.5% for FY2025, up by approximately 2.9 percentage points from the 19.6% margin in FY2024. Furthermore, the projected net profit for FY2025 is about HK$38.92 million, signifying a significant increase of approximately 121.8% compared to the net profit of HK$17.55 million in FY2024. The board of directors attributes the expected revenue growth primarily to rising customer demand. The anticipated improvement in gross profit margin is credited to a strategic shift in the product mix towards higher-margin items. The substantial increase in net profit is mainly due to higher sales volume and the favorable change in the product portfolio towards more profitable offerings.

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