Keen Ocean International Holding Limited provides earnings guidance for the first quarter ended March 31, 2021. For the period, the company expects record a net profit of approximately HKD 4,400,000 as compared to the net loss of approximately HKD 2,300,000 for the three months ended 31 March 2020. Based on the information currently available, the Board is of the view that the turnaround from loss to profit was attributable to the increase in the Group's sales by approximately HKD 32,600,000 as compared to the corresponding period in 2020; the increase in the Group's gross profit by approximately HKD 7,800,000 as compared to the corresponding period in 2020; and the receipt of approximately HKD 400,000 subsidies under the Anti-epidemic Fund set up by The Government of the Hong Kong Special Administrative Region. The increase in the Group's sales was mainly due to the resumption of shipment and/or delivery schedule of goods which had initially been postponed due to the outbreak of COVID-19; and an existing customer of the Company that engaged in the production of components for clean energy appliances, had increased the placement of purchase orders for inverters as electronic parts and components during the first quarter 2021 to meet the recent surge in demand of clean energy appliances.