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Wei Yuan Unit to Lease Singapore Site for Vehicle Maintenance Operations
WEI YUAN HLDG: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
WEI YUAN HLDG (01343.HK) plans to hold a Board of Directors meeting on March 27 to approve the annual performance.
Gelonghui reported on March 13 that WEI YUAN HLDG (01343.HK) announced that the Board of Directors will hold a meeting on March 27, 2025 (Thursday) to review and approve (including) the annual performance of the company and its subsidiaries for the year ending December 31, 2024, as well as the distribution of the final dividend (if any).
Wei Yuan's Profit to Rise in 2024
The company WEI YUAN HLDG (01343.HK) expects its net profit for last year to increase to at least 1.7 million Singapore dollars.
Singapore civil and public engineering contractor WEI YUAN HLDG (01343.HK) issued a profit warning, estimating that the net profit for the year ending December last year will be between approximately 1.7 million to 2.2 million Singapore dollars, while the net profit for the same period in 2023 was about 1.3 million Singapore dollars. The group indicated that the expected increase in net profit is mainly due to a reduction in gross profit; an impairment provision for investment in a joint venture for the 2023 fiscal year, which does not have a related impairment provision in 2024; a decrease in losses from joint ventures; and reduced income tax expenses.
WEI YUAN HLDG (01343) issued a profit warning, expecting the annual net profit to increase to approximately 1.7 million to -2.2 million Singapore dollars year-on-year.
WEI YUAN HLDG (01343) announced that the group expects the consolidated results for the year ending December 31, 2024...
