SMC Electric Reports Steady Mid-Year Financials

SMC Electric Limited (HK:2381) has released an update.

SMC Electric Limited has reported a slight decrease in profit for the first half of 2024, with earnings per share dropping marginally from 0.651 HK cents to 0.648 HK cents compared to the same period in 2023. Despite a modest increase in revenues, the company’s profits were impacted by higher costs of revenue and administrative expenses. Overall, the company’s total comprehensive income for its owners saw a small uptick, signaling resilience in its financial performance.

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