Pine Technology (HKG:1079) returned to an attributable profit of HK$45.6 million in the year ended June 30 from a loss of HK$109.8 million in the year-ago period, according to an annual report filed Thursday with the Hong Kong Stock Exchange.
The computer components maker returned to EPS of HK$0.034 from a loss per share of HK$0.078 in the previous year.
Revenue surged to HK$234.8 million from about HK$47 million a year earlier.
Shares closed 4% higher during Friday's trading.
Price (HKD): $0.05, Change: $+0.0020, Percent Change: +4.35%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.