YNBY International Forecasts Sharp Profit Decline

Ban Loong Holdings Limited (HK:0030) has released an update.

YNBY International Limited anticipates a significant decline in net profit for the first half of 2024, projecting earnings between HK$1 million and HK$2 million, a stark contrast to the HK$18.5 million reported in the same period of 2023. The expected drop is primarily due to reduced profit margins in goods and commodity trading and increased expenses from expansion efforts in Southeast Asia and Greater China. Shareholders and potential investors are cautioned to exercise care when dealing with the company’s shares.

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