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SIM TECH (02000.HK) issues a profit warning: It is expected to incur a net loss of 75 million to 0.115 billion Hong Kong dollars for the fiscal year 2024.
Globe News reported on February 27 that SIM TECH (02000.HK) announced that for the fiscal year ending December 31, 2024 ("Fiscal Year 2024"), the group expects to record a loss attributable to company owners of approximately 75 million HKD to 0.115 billion HKD, compared to a profit attributable to company owners of approximately 0.3443 billion HKD for Fiscal Year 2023. The Board of Directors believes that the main reason for the group's expected turnaround from profit to loss in Fiscal Year 2024 aligns with the circumstances disclosed in the mid-term report of 2024: firstly, the continued adverse economic conditions both domestically and internationally, along with...
Express News | SIM Technology Group - Expected Result Due to Decrease in Fair Value of Group's Investment Properties, Others
Express News | SIM Technology Sees Loss Attributable for FY2024 HK$75.0 Mln to HK$115.0 Mln
SIM TECH: PROFIT WARNING
SIM Technology Group's January Revenue Jumps 25%
SIM TECH (02000.HK) achieved an un-audited revenue of 42.3 million Hong Kong dollars in January, a year-on-year decrease of 37.8%.
On February 14, Glouhang reported that SIM TECH (02000.HK) announced that for the month ending January 31, 2025, the group's unaudited revenue reached 42.3 million Hong Kong dollars, a 37.8% year-on-year decrease. Due to the Chinese Lunar New Year occurring in January 2025, the group's employees took nearly a week off in January. As a result, shipments and main Business revenue in January 2025 were noticeably less than in December 2024. Non-main Business revenue mainly comes from rental income. The non-main Business revenue for January 2025 is roughly comparable to that of December 2024.