SIM Technology Group (HK:2000) has released an update.
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SIM Technology Group Limited reports a significant decline in monthly and year-to-date revenue for July 2024, with a 35.1% decrease from June 2024 and a 38.4% drop from the same period last year. The decrease is attributed to customer adjustments in delivery timings for their purchase orders, affecting the company’s core business, which includes original design manufacturing of handsets and IOT terminals. Investors are advised to exercise caution and not to rely solely on the unaudited financial data presented.
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