Top Standard Corporation ("the Company") announced its interim financial report for the six months ended June 30, 2024, which showed that the Group's earnings were approximately HKD 50 million, a decrease of approximately 16.67% compared to the same period last year. The unaudited loss attributable to owners of the Company was approximately HKD 31 million, compared to a profit of approximately HKD 10.5 million in the same period last year. The report pointed out that the decrease in earnings was mainly due to the fact that newly opened restaurants are still in the initial growth stage, while the loss was due to the one-off write-off of receivables. The Company was listed on GEM in February 2018, with its main business being restaurant operation and...Show More

Top Standard Corporation ("the Company") announced its interim financial report for the six months ended June 30, 2024, which showed that the Group's earnings were approximately HKD 50 million, a decrease of approximately 16.67% compared to the same period last year. The unaudited loss attributable to owners of the Company was approximately HKD 31 million, compared to a profit of approximately HKD 10.5 million in the same period last year. The report pointed out that the decrease in earnings was mainly due to the fact that newly opened restaurants are still in the initial growth stage, while the loss was due to the one-off write-off of receivables. The Company was listed on GEM in February 2018, with its main business being restaurant operation and online sales of wine. During the reporting period, Hong Kong restaurants and bars performed below expectations, resulting in the suspension of operations for all restaurants in Hong Kong. However, the new business in Southeast Asia provided support for the Group. The Board of Directors of the Company remains optimistic about the recovery of the dining business in the future and will continue to control costs and explore new business opportunities.