WING LEE DEV (09639) issues profit warning, expecting annual shareholder's comprehensive net profit to not exceed HK$19 million.
Rongli Construction (09639) announced that the Group is expected to record a net comprehensive profit attributable to owners of the company of no more than HK$19 million for the year ending March 31, 2026, while the net comprehensive profit attributable to owners of the company for the year ending March 31, 2025 is expected to be approximately HK$55.46 million.
WING LEE DEV (09639) announced that the Group is expected to have a comprehensive profit attributable to owners of the company of not more than HK$19 million for the year ending March 31, 2026. This is a decrease from the approximately HK$55.46 million recorded for the year ending March 31, 2025.
The expected decrease in comprehensive profit attributable to owners of the company is mainly due to the following factors: (i) an increase in material, labor, and transportation costs in the current fiscal year, leading to a decrease in gross profit margin; and (ii) increased preliminary costs incurred in developing new energy businesses by the Group.
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