Kinetic Development Group Limited provided earnings guidance for the six months ended 30 June 2022. For the period, based on the preliminary review of the unaudited management accounts of the Group for the five months ended 31 May 2022, the net profit of the Group for the six months ended 30 June 2022 is expected to increase by not less than 30% over the corresponding period in 2021, mainly attributable to a further increase in the demand for coal due to the global increase in gas prices and electricity demand, which resulted in an increase in the sale price of the Group's coal products as compared to the corresponding period last year.