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Simigon (AIM:SIM) - results in line and plenty of cash but can this one ever really get motoring?

07/09/2015 · SimiGon (SIM) 

The provider of simulation solutions, announced positive interim results for the six months ending 30 June 2015 with an encouraging increase in pre-tax profit albeit on lower revenue. This little business promises a great deal but it remains unclear whether it can really start to motor.

The Israel based group provides Modeling, Simulation & Training solutions to customers worldwide through its innovative SIMbox platform which can be used to create simulation content of any type and for any purpose.

For the 6 months to 30th June 2015 net profit increased 18% to $0.79m on lower revenues of $3.46m (H1 2014: $4.37m). The statement clarified that revenues declined from the first half of last year principally as a result of the…

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