Asia Std Hotel (00292) announced that the Group is expected to have a shareholder attributable loss of HK$2.1 to HK$2.4 billion for the year ending March 31, 2024. This is compared to a shareholder attributable loss of HK$213 million for the year ended March 31, 2023. The main reason for the higher loss was an expected increase in credit losses for debt securities investments. This provision is a non-cash item and has no direct impact on the Group's cash flow.
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