Pine Technology (HKG:1079) expects an after-tax net profit of at least HK$40 million for the year ended June 30, as compared to an after-tax net loss of HK$107.6 million a year prior, a Monday filing on the Hong Kong bourse said.
The computer components maker attributed the anticipated turnaround to profit mainly to higher revenue, lower general and administrative expenses, and the absence of an impairment loss on goodwill and intangible assets for the year.
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