SIM Technology Group (HK:2000) has released an update.
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SIM Technology Group Limited reported a significant decrease of 29.9% in total unaudited revenue for September 2024 compared to the previous month, primarily due to customer adjustments in delivery timings affecting core business revenues. However, the company saw a 9.6% increase in core business revenue compared to the same month last year. Despite these fluctuations, the Group’s total revenue for the nine-month period ending September 2024 fell by 27.3% year-over-year, attributed to heightened industry competition.
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