Asia
Wing Lee Development Expects Lower Full-Year Profit
Wing Lee Development Construction (HKG:9639) expects a consolidated profit attributable to owners of up to HK$19 million for the year ended March 31, lower than HK$55.5 million in the prior year.The civil engineering works company attributed the expected profit decline to margin pressure from higher material, labor and logistics costs on new projects, and an upfront investment in its new energy business.
HKG:9639
