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Yun Lee Marine Group Expects Lower Profits

Yun Lee Marine Group Expects Lower Profits

Yun Lee Marine Group Holdings Limited (HK:2682) has released an update.

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Yun Lee Marine Group Holdings Limited anticipates a profit of no more than HK$31.5 million for the year ended 31 March 2024, a slight decrease from the previous year’s HK$36.0 million, despite a 39.5% revenue increase driven by new maritime construction services. The profit was affected by a reduction in vessel chartering services and increased administrative expenses. Shareholders and potential investors are advised to exercise caution; final results will be announced in June 2024.

For further insights into HK:2682 stock, check out TipRanks’ Stock Analysis page.

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