Wang & Lee Group announced unaudited financial results for H1 2024, reporting revenue of $1.89 million, a 31.25% increase YoY. The growth was primarily driven by increased construction income. However, the company recorded a gross loss of $0.05 million, compared to a gross profit of $0.25 million in H1 2023, due to higher cost of revenues.General and administrative expenses decreased significantly by 63.49% to $0.69 million, mainly due to reduced listing fees. The net loss narrowed to $0.72 million from $1.62 million in the same period last year. The company's cash and cash equivalents stood at $4.65 million as of June 30, 2024.Wang & Lee Group, listed on Nasdaq, operates as a construction prime and subcontractor in Hong Kong, specializing in the installation of Electrical & Mechanical Systems. The company aims to build synergy within its sustainable ecosystem to create shareholder value.

Wang & Lee Group announced unaudited financial results for H1 2024, reporting revenue of $1.89 million, a 31.25% increase YoY. The growth was primarily driven by increased construction income. However, the company recorded a gross loss of $0.05 million, compared to a gross profit of $0.25 million in H1 2023, due to higher cost of revenues.General and administrative expenses decreased significantly by 63.49% to $0.69 million, mainly due to reduced listing fees. The net loss narrowed to $0.72 million from $1.62 million in the same period last year. The company's cash and cash equivalents stood at $4.65 million as of June 30, 2024.Wang & Lee Group, listed on Nasdaq, operates as a construction prime and subcontractor in Hong Kong, specializing in the installation of Electrical & Mechanical Systems. The company aims to build synergy within its sustainable ecosystem to create shareholder value.