According to the Zhitong Finance App, Standard Development Group (01867) released its annual results for the year ending March 31, 2023. The group achieved revenue of HK$661 million last year, an increase of 115.69% over the previous year; loss attributable to shareholders of HK$8,829 million, a year-on-year decrease of 57.98%; and a basic loss of HK0.63 cents per share.

According to the announcement, the increase in revenue was mainly offset by an increase in revenue from oil trading business in mainland China; and the development of new agricultural business in mainland China and a decrease in construction business revenue due to a decrease in the number of projects undertaken.