Yunli Marine (02682) announced interim results. Profit attributable to shareholders of HK$10.531 million decreased by 52.48% year-on-year

According to the Zhitong Finance App, Yunli Marine (02682) announced interim results for the six months ended September 30, 2024. The group achieved revenue of HK$179 million, an increase of 14.38%; profit attributable to the company's owners was HK$10.531 million, a year-on-year decrease of 52.48%; and basic profit per share was HK1.05 cents.

According to the announcement, the increase in revenue was mainly due to the completion of several major long-term contracts and a decrease in demand for ship leasing and related services for the Group as a whole due to the completion of several major long-term contracts and a decrease in demand for the Group's overall ship leasing and related services during the period; and the net impact of the increase in revenue from marine construction services due to increased construction progress on several key projects during the period.