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.