Summary by Moomoo AI
Top Standard Corporation issued a profit warning, expecting to record a net loss of no less than 14 million Hong Kong dollars for the fiscal year 2024, compared to a net profit of approximately 4 million Hong Kong dollars for the same period in 2023. The Board of Directors stated that the performance turned from profit to loss primarily due to two major factors: the impact of the base on the one-time gain of approximately 13.4 million Hong Kong dollars confirmed for the fiscal year 2023 from the cancellation of consolidated accounting for a subsidiary, and the impairment loss for property and equipment along with the right-of-use assets of no less than 9 million Hong Kong dollars for the fiscal year 2024.The company is...Show More
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