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Sea to post first profitable year since IPO: CEO

Claudia Chong

Claudia Chong

Published Fri, Dec 22, 2023 · 11:14 AM
    • The group will likely achieve its first profitable year in 2023, says Sea's chief executive Forrest Li, without revealing any details about Q4 financials.
    • The group will likely achieve its first profitable year in 2023, says Sea's chief executive Forrest Li, without revealing any details about Q4 financials. PHOTO: BT FILE

    INTERNET company Sea, the parent of e-commerce platform Shopee, is on track to post its first profitable year since becoming a public company, chief executive Forrest Li told staff in a memo on Friday (Dec 22).

    Sea, listed on the New York Stock Exchange, booked a profitable Q1 and Q2 this year but sank back into a loss in the third quarter ended September.

    Li said the group will likely achieve its first profitable year in 2023, without revealing any details about Q4 financials.

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