Standard Development Group Limited announced that, based on the information currently available to the Board, the Group is expected to record a net loss of not less than HKD 9.0 million for the six months ended 30 September 2021 as compared with a net profit of approximately HKD 6.2 million for the corresponding period in 2020. The Board considers that the net loss was mainly attributable to (i) the decrease in gross profit margin of the Group's projects due to the delays in certification of projects work done completion; (ii) the provisions made on expected credit loss regarding to the legal dispute; and (iii) the increase in administrative and other operating expenses due to the increase in staff costs including directors' emoluments.