Wing Lee Development Construction (HKG:9639) forecast profit attributable to shareholders of not less than HK$50 million for the year ended March 31, down as much as 35% from HK$76.9 million in the prior year.

However, it expects a revenue of at least HK$700 million for the reporting period, up no less than 33% from HK$526 million a year earlier, a June 13 Hong Kong bourse filing said.

The builder cited higher listing-related expenses and increased staff bonuses and administrative costs.