Keen Ocean International Holding Reports Decline in Net Income to HK$8.8 Million for H1 2025; EPS Unchanged Despite Revenue Increase
Reuters
Sep 02, 2025
Keen Ocean International Holding Reports Decline in Net Income to HK$8.8 Million for H1 2025; EPS Unchanged Despite Revenue Increase
Keen Ocean International Holding Ltd. has released its unaudited condensed consolidated interim results for the six months ended 30 June 2025. The company reported a revenue increase to HK$137.1 million, compared to HK$127.1 million in the same period in 2024. Gross profit also rose to HK$29.6 million from HK$25.9 million in the previous year. Despite the rise in revenue and gross profit, earnings attributable to owners of the company decreased to HK$8.8 million from HK$10.1 million in the same period in 2024. The profit before taxation stood at HK$10.5 million, slightly lower than the HK$10.7 million recorded in the corresponding period of the previous year. No interim dividend was declared for the period, contrasting with a special interim dividend of HK$0.15 per ordinary share that was declared in the same period in 2024. The company has outlined conditions for its financial investments, emphasizing that any securities invested should not exceed a twelve-month period and should align with the company's cashflow needs for the next six months. It also reported no plans for material investments and capital assets beyond these financial investments.
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