Standard Development Group Limited (HK:1867) has released an update.
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Standard Development Group Limited reported a significant decline in revenue and profit for the six months ending September 2024, with revenue dropping from HK$304.6 million to HK$144 million and a net loss increasing to HK$20.05 million compared to a HK$7.1 million loss in the previous year. The increased losses are attributed to higher administrative and finance costs, despite a slight improvement in foreign exchange gains.
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