YUN LEE MARINE (02682) issues profit warning. It is expected that the annual profit attributable to shareholders will decrease by approximately HK$18.8 million to HK$20.8 million compared to the previous year.

YUN LEE MARINE (02682) announced an unaudited expected profit for the current year, which is estimated to be around HK$18.8 million to HK$20.8 million, compared to approximately HK$31.6 million for the year ended March 31, 2024. The decrease in the expected unaudited profit attributable to equity owners of the company in the current year is mainly due to (i) the absence of a one-time gain of approximately HK$11.9 million recognized in the year ended March 31, 2024 from the disposal of equity interests in an associated company acquired through the acquisition and business combination of Maritime Engineering Limited and its subsidiaries; (ii) an increase in fair value gains on financial assets recognized in profit or loss of around HK$9.7 million in the current year; and (iii) an impairment loss of approximately HK$8.4 million recognized in the current year in relation to the acquisition of equity interests in Maritime Engineering Limited. However, the Group expects a slight increase in revenue and gross profit for the current year.