Ling Yui Holdings Projects Profitable Year

Ling Yui Holdings Limited (HK:0784) has released an update.

Ling Yui Holdings Limited anticipates a financial turnaround, expecting a profit of approximately HK$0.7 million for the fiscal year ending March 31, 2024, compared to a HK$30 million loss the previous year. The positive shift is attributed to effective cost control measures and the completion of loss-making projects in the prior year. Investors are cautioned to await the official results announcement scheduled for June 25, 2024, for definitive figures.

For further insights into HK:0784 stock, check out TipRanks’ Stock Analysis page.