SMIT Holdings (HK:2239) has released an update.
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SMIT Holdings Limited reported a significant loss for the first half of 2024, with unaudited results showing a loss of $15.1 million compared to a profit of $280,005 in the same period last year. The company’s revenue declined from $11.2 million to $8.6 million, and they also faced substantial share of net losses from investments. These financial challenges are reflected in a negative basic and diluted earnings per share of $0.05.
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