Ocean One Holding Ltd. announced that based on a preliminary review of the Group's unaudited consolidated management accounts, the Group is expected to record a net profit for the three months ended 30 June 2018 as compared to a net loss for the corresponding period in 2017. The Board considered that the improvement of results was primarily attributable to (i) the increase in revenue and gross profit earned for the three months ended 30 June 2018 as a result of the introduction of new products as well as an increase in sales of existing products; and (ii) the non-recurring listing expenses incurred during the corresponding period in 2017. By excluding the listing expenses, the Group's profit after tax for the three months ended 30 June 2018 is expected to record an increase of no less than 60% as compared to the corresponding period in 2017.