Summary by Moomoo AI
Top Standard Corporation reported a year-on-year revenue increase of 57.9% to HKD 14.33 million for the year ending December 31, 2024, primarily benefiting from the growth of its Restaurants business in Malaysia. The company recorded a loss of HKD 15.38 million for the year, compared to a profit of HKD 4.02 million in the same period last year. The loss was mainly due to the absence of last year's one-time cancellation of consolidated accounting income of HKD 13.4 million and the recognition of impairment losses on properties and equipment and right-of-use assets totaling HKD 9.7 million this year.During the year, the group's costs for raw materials and consumables increased by 35.6% to HKD 5.67 million, while employee costs rose by 18.4% to HKD...Show More
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