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We Think Some Shareholders May Hesitate To Increase Ching Lee Holdings Limited's (HKG:3728) CEO Compensation
Ching Lee Holdings Limited (HKG:3728) Looks Inexpensive After Falling 31% But Perhaps Not Attractive Enough
CHING LEE: Annual Report 2024
Ching Lee's Profit Slips in Fiscal 2024
Ching Lee released its annual performance report with a profit of 10.693 million Hong Kong dollars, a year-on-year decrease of 7.5%.
Ching Lee (03728) has released its annual results for the year ending on March 31, 2024, with revenue of HKD 897 million, a year-on-year increase of 26.51%; a profit of HKD 10.693 million for the year, a year-on-year decrease of 7.5%; and earnings per share of HKD 1.06.
Ching Lee (03728.HK)'s annual net profit decreased by 7.5% year-on-year to about 10.7 million Hong Kong dollars.
Ching Lee (03728.HK) announced on June 21st that the group's revenue for the year ending March 31, 2024 was about HKD 897 million, an increase of approximately 26.5% year-on-year. Net profit decreased by 7.5% year-on-year to about HKD 10.7 million. Earnings per share were 1.06 Hong Kong cents. The decrease in net profit was mainly due to an increase in gross profit caused by more new architecture engineering service projects started by the end of the fiscal year March 31, 2024, offset by the increase in average bank borrowings and financing costs due to the rise in interest rates.
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