Summary by Moomoo AI
Top Standard Corporation ('the Company') announced its interim financial report for the six months ended June 30, 2024, showing a group revenue of approximately 50 million Hong Kong dollars, a decrease of about 16.67% compared to the same period last year. The unaudited loss attributable to the owners of the Company is approximately 31 million Hong Kong dollars, compared to a profit of about 10.5 million Hong Kong dollars in the same period last year. The report indicates that the decrease in revenue is mainly due to the new restaurant openings still being in the initial growth stage, while the loss is attributed to the one-time write-off of accounts receivable. The Company was listed on GEM in February 2018, with its main operations being restaurant...Show More