Pinestone Capital Ltd. Reports 58% Increase in Revenue to HK$16.9 Million but Net Loss Widens to HK$3.7 Million for H1 2025

Reuters
Aug 28
Pinestone Capital Ltd. Reports 58% Increase in Revenue to HK$16.9 Million but Net Loss Widens to HK$3.7 Million for H1 2025

Pinestone Capital Limited announced its unaudited interim results for the six months ended 30 June 2025. The Group reported a revenue of approximately HK$16.9 million, marking an increase of about HK$6.2 million or 58% compared to the HK$10.7 million recorded in the same period in 2024. Despite this rise in revenue, the Group experienced a net loss of approximately HK$3.7 million for the first half of 2025, which is a significant increase from the HK$0.8 million net loss reported in the corresponding period of 2024. The increase in net loss was primarily attributed to higher other operating expenses, which amounted to HK$16.1 million for the six months ended 30 June 2025, compared to HK$2.9 million in the previous year. The company continues to focus on its core services, which include securities brokerage, securities-backed lending services, including margin financing and money lending, as well as placing and underwriting services. The Hong Kong stock market showed a notable recovery during the first half of 2025, with the Hang Seng Index increasing by approximately 20%.

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