Wei Yuan Holdings (01343.HK) issued a profit warning, expecting a net profit of between 0.1 million and 0.3 million Singapore dollars for the six months ending June 30, 2024, compared to a net profit of about 1 million dollars in 2023.

The company explains that the expected decline in net profit is mainly due to a decrease in income from road milling and resurfacing services, a decrease in overall gross margin, and an increase in the net impact of losses from associated companies. (js/cy)

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