KINETIC DEV surges over 8% following positive profit alert, expecting first-half net profit after tax to rise between 31% and 40%

Stock News08-10

KINETIC DEV (01277) surged more than 8% after issuing a positive profit alert, trading up 7.63% at HK$2.045 as of the latest update, with a turnover of HK$30.6156 million.

The company released a statement on August 10, projecting that its net profit after tax for the first half of 2026 would be approximately RMB 730 million to RMB 780 million, representing a year-on-year increase of 31% to 40%.

The notable improvement in first-half 2026 performance is primarily attributed to two factors. First, driven by a recovery in market coal prices, the average selling price of the group's coal products rose by about 18% year-on-year, boosting profit growth from its core coal business. Second, the group's continued implementation of effective financial control measures has further enhanced its profit levels.

During the first half of 2026, the unit cost of the group's coal products decreased by 9% to 12% year-on-year, while administrative and selling expenses both fell by 5% to 7% over the same period.

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