Pine Technology Expects Swing to Loss in Fiscal H1

MT Newswires Live
02-18

Pine Technology Holdings (HKG:1079) expects to book a minimum net loss of HK$6 million for the fiscal first half ended Dec. 31, 2024, against a net profit of HK$51.8 million logged for the same period in the preceding year, a Tuesday Hong Kong bourse filing said.

The computer components and consumer electronics company attributed the expected swing to loss to the lack of one-off gain on the disposal of subsidiaries during the reporting period, which was present for the results of last year's period.

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