SIM Technology Group Records 154% Year-on-Year Boost in Core Business Revenue

MT Newswires Live
03-11

SIM Technology Group's (HKG:2000) revenue from its core business fell by 30.4% to HK$26.9 million in February from HK$38.7 million a month ago, while it rose by 154.3% compared with HK$10.6 million a year ago, a Tuesday bourse filing said.

The mobile communications company's total revenue for the month stood at HK$30.5 million, 27.9% lower than January.

For the two months ended Feb. 28, the group's total revenue came in at HK$72.9 million, 51.7% higher than HK$48.1 million from the preceding year.

The shares of the mobile communications and internet of things company closed over 1% higher on Tuesday.

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