WANG & LEE GROUP, INC. Announces Fiscal Year 2023 Financial Results
Wang & Lee Group, Inc. (WLGS)
Company Research
Source: GlobeNewswire
HONG KONG, China, April 18, 2024 (GLOBE NEWSWIRE) -- WANG & LEE GROUP, Inc. (Nasdaq: WLGS) (“WLGS” or the “Company”), is a British Virgin Islands holding company with operations conducted by its subsidiaries in Hong Kong. The Company is a construction prime and subcontractor engaging in the installation of Electrical & Mechanical Systems (“E&M”), which include low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning (“MVAC”) systems, fire service systems, water supply and sewage disposal system installation and fitting out for the public and private sectors. The Company today announced its unaudited operating results for the year ended December 31, 2023. Financial Highlights for the Fiscal Year 2023: ?Revenue increased by 63.7% to $6.83 million for the fiscal year 2023 ended December 31, 2023, from $4.17 million for the fiscal year ended December 31, 2022 ?Gross profit increased by 210.6% to $2.44 million for the fiscal year 202
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