PINESTONE (00804) Issues Profit Warning, Expects First-Half Net Loss to Increase to No More Than HK$4 Million

Stock News
Aug 21

PINESTONE (00804) announced that compared to the net loss of HK$0.8 million for the six months ended June 30, 2024, the company anticipates recording a net loss of no more than HK$4 million for the six months ending June 30, 2025. The primary drivers behind the increased net loss include higher compliance, professional and agency fees, as well as other expenses, which collectively resulted in a significant rise in other operating expenses for the six months ending June 30, 2025.

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