Asia Standard Reports Significant 2024 Losses

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

Asia Standard International Group Limited reported a significant downturn in their financial results for the year ended March 31st, 2024, with a 769% increase in subsidiary property sales being overshadowed by a 16% decrease in revenue and a shift from a profit of HK$801 million to a loss of HK$5.792 billion attributable to shareholders. Total and net assets decreased by 10% and 26% respectively, while net debt increased by 7%, reflecting a challenging fiscal year for the company.

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