Yau Lee Holdings Limited has issued a profit warning, indicating that the company expects to record a net loss ranging from approximately HK$100 million to HK$130 million for the fiscal year ending 31 March 2025. This represents a significant downturn compared to the net profit of HK$66 million reported for the previous year. The anticipated loss is primarily attributed to negative contract price fluctuations in government public housing construction projects, which have reduced contract values and negatively impacted the gross margin of the Group's construction business. Additionally, the company noted unrealised revaluation losses as a contributing factor. The Board advises shareholders and potential investors to exercise caution when dealing with the company's shares. The audited financial results for the fiscal year are expected to be published in late June 2025.
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