Yun Lee Marine (02682) released its full-year results for the year ended March 31, 2024, with revenue of HKD 335 million, an increase of 39.49% year-on-year; the shareholders' share of net profit was HKD 31.584 million, a decrease of 12.29% year-on-year; and the basic earnings per share were HKD 0.0316. A final dividend of HKD 0.01 per share is proposed.
According to the announcement, the increase in revenue was mainly due to the decrease in revenue from ship leasing and related services during the year due to the completion of several major and long-term contracts as well as the overall decrease in demand for ship leasing and related services for other short-term maritime service projects of the group; and the net effect of the increase in revenue from the introduction of maritime construction services by the group's acquisition of Run Lee Tien Kee.
