Singapore's Sea expects to stay in black after posting 1st annual profit

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The Southeast Asian tech group has focused on achieving profitability through aggressive cuts in promotional expenses. © Reuters

TSUBASA SURUGA, Nikkei staff writer

SINGAPORE -- Singapore-based Sea expects to post a second consecutive annual profit in 2024, the gaming and e-commerce firm said Monday, upon reporting its first net profit last year since going public on the back of drastic cost cuts.

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