Asia Standard International Sees Reduced Losses in 2024

Asia Standard International Group (HK:0129) has released an update.

Asia Standard International Group has announced a significant reduction in its interim losses, with an expected loss between HK$350 million and HK$420 million for the first half of 2024, compared to HK$916 million in the same period last year. This improvement is driven by increased profits from property development and decreased credit losses, although partially offset by revaluation losses on investment properties. Investors are advised to remain cautious as the figures are preliminary and unaudited.

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