SIM Tech 11-month revenue dives by 52pc

Business | 10 Dec 2019 6:05 pm

SIM Technology (2000) reported a 52.2 percent year-on-year drop in revenue for the first 11 months to HK$1.05 billion.

Revenue from the sale of residential properties and property management in November was HK$6.3 million, up from HK$3.4 million in October.

Revenue from the handsets and internet of things terminals business, the electronics manufacturing services business, the internet of things system and online-to-offline business together with the intelligent manufacturing business was HK$116.1million, up from HK$89 million a month ago.

The revenue of the core business increased by 30.5 percent compared with last month and increased by 10.7 percent on-year.

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