WING LEE DEV (ASX: 09639) has issued a profit alert to the market.

The company announced that it expects the group to record a consolidated profit attributable to its owners of no more than HK$19 million for the fiscal year ending March 31, 2026.

This stands in contrast to the consolidated profit attributable to owners of approximately HK$55.46 million reported for the year ended March 31, 2025.

The anticipated decrease in attributable profit is primarily attributed to a combination of factors.

These include a decline in gross profit margin due to increased costs for materials, labor, and transportation associated with new projects initiated during the current financial year.

Additionally, the group's development of its new energy business has led to higher upfront investment costs.