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SIM Technology Group Reports Financial Losses for 2024

Story Highlights
  • SIM Technology Group operates in the technology industry, focusing on tech products.
  • The company reported a significant financial loss for 2024, contrasting with 2023’s profit.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
SIM Technology Group Reports Financial Losses for 2024

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SIM Technology Group ( (HK:2000) ) has shared an announcement.

SIM Technology Group Limited reported its audited financial results for the year ending December 31, 2024, showing a significant decline in revenue and profit compared to the previous year. The company faced a loss of HK$104.1 million, a stark contrast to the HK$333.2 million profit in 2023, primarily due to reduced revenue and increased research and development expenses, impacting its financial performance and shareholder returns.

More about SIM Technology Group

SIM Technology Group Limited, incorporated in Bermuda, operates in the technology industry, focusing on the development and sale of technology products and services. The company is listed on the Hong Kong Stock Exchange under the stock code 2000.

Average Trading Volume: 4,000

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $101.7M

Find detailed analytics on 2000 stock on TipRanks’ Stock Analysis page.

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