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An announcement from SIM Technology Group ( (HK:2000) ) is now available.
SIM Technology Group Limited announced a significant turnaround in its financial performance for the first half of 2025, reporting a profit of HK$3.0 million to HK$13.0 million, compared to a loss of HK$82.3 million in the same period in 2024. The improvement is attributed to strategic optimizations, including team restructuring, cost control, and deregistration of certain subsidiaries in China, which previously incurred a substantial foreign exchange loss. The company is still finalizing the valuation of its financial assets and properties, and stakeholders are advised to exercise caution as these figures are preliminary and unaudited.
More about SIM Technology Group
SIM Technology Group Limited is a company incorporated in Bermuda, primarily engaged in technology-related products and services. The company focuses on optimizing team structures, controlling expenses, and serving key customers to ensure profitability.
Average Trading Volume: 141,051
Technical Sentiment Signal: Sell
Current Market Cap: HK$610.9M
See more data about 2000 stock on TipRanks’ Stock Analysis page.