Yee Hop Holdings expects significant profit increase for FY2025

Yee Hop Holdings Limited announced that it anticipates a profit attributable to owners within the range of HK$36.0 million to HK$41.0 million for FY2025, a significant increase compared to the HK$22.1 million reported for the year ended March 31, 2024. The positive outlook is attributed to increased revenue from the Group's foundation and civil works, and tunneling businesses, which led to a gross profit increase of approximately HK$36.9 million. This boost comes as several major projects were in full swing during the first half of FY2025. Partially offsetting these gains are increased losses in the health and environmental innovation business, as well as an increase in impairment loss on investment properties. The company advises shareholders and potential investors to exercise caution when dealing in the company's securities.