SANBASE CORP (08501) issues a positive profit alert, expecting interim profit attributable to shareholders of approximately HK$1.2 million, turning from loss to profit year-on-year.

SANBASE CORP (08501) announces that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2026 (the current period) and the information currently available to the Board, the Group is expected to record a profit attributable to owners of the Company of approximately HK$1.2 million for the current period, compared with a loss attributable to owners of the Company of approximately HK$6 million for the six months ended 30 September 2025 (the corresponding period last year). The expected turnaround from loss to profit of the Group's results is primarily attributable to the combined effect of the following: (i) revenue for the current period increased by approximately HK$18.6 million compared with the corresponding period last year, mainly due to an increase in the number of projects undertaken during the current period; (ii) gross profit for the current period increased by approximately HK$5.2 million compared with the corresponding period last year, mainly due to revenue growth and a relatively stable fixed cost base within cost of sales; and (iii) a reversal of impairment loss on financial assets of approximately HK$1 million during the current period due to an increase in the amount of trade receivables recovered.