Asia Standard International Group Ltd. has announced its financial results for the year ended 31st March 2025. The Group reported a significant increase in total revenue, which rose by 39% to HK$2.407 billion from HK$1.735 billion in the previous year. This growth was primarily attributed to the recognition of property sales from the Landmark on Robson development in Canada, offset by a decline in interest revenue from financial investments. The company also reported a reduction in loss attributable to shareholders, which decreased to HK$3.751 billion from HK$5.792 billion in the previous year, marking a 35% improvement. Despite the reduction in losses, the Group did not report positive earnings per share for the period. Contracted sales of properties saw a notable increase, with subsidiaries contributing HK$3.214 billion, up from HK$1.451 billion, and joint ventures contributing an additional HK$304 million. Total contracted sales of properties increased by 91% to HK$3.518 billion. The Group's total assets decreased by 9% to HK$30.926 billion, while net assets fell by 20% to HK$11.693 billion. Net debt was reduced by 13% to HK$14.480 billion. The gearing ratio, calculated as net debt to revalued net assets, remained stable at around 64%, slightly down from 65% the previous year. These results reflect Asia Standard International Group's strategic focus on property development, with a significant contribution from the Canadian market, despite challenges in financial investment returns.
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