Ching Lee Holdings (3728.HK) Stays Resilient in Gross Profit with Stress from Rate Hikes and Staff Costs
HONG KONG, June 26, 2024 - (ACN Newswire) - Ching Lee Holdings Limited “Ching Lee” or “The Group” (Stock code 3728.HK) announced its annual results for the year ended 31 March 2024. The Group recorded nearly HK$900 million in revenue for the year, marking a significant year-on-year growth of 26.5%. Gross profit amounted to HK$77 million, representing an increase of 7.3% from the last year, and profit for the year was approximately HK$11 million. Over the past year, Ching Lee successfully gained several contracts for various construction projects, with revenue from superstructure building works...