SEM Holdings Reports Significant Financial Shift

SEM Holdings Limited (HK:9929) has released an update.

SEM Holdings Limited has reported a switch from a profit of HK$4,492,000 in the first half of 2023 to a loss of HK$7,438,000 in the same period in 2024, indicating a challenging financial performance. The company’s revenue plummeted from HK$131,442,000 to HK$50,889,000 year-over-year, while gross profit also took a hit, decreasing from HK$13,766,000 to HK$2,005,000. Despite the downturn, SEM Holdings maintains a solid financial position with net current assets worth HK$176,655,000 as of June 30, 2024.

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