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PINE TECH: ANNUAL REPORT 2024
In the performance, Pine Tech (01079.HK) achieved a full year net profit of 45.64 million yuan, turning from loss to profit.
Pine Tech (01079.HK) announced the financial performance for the fiscal year ending in June, with revenue of 0.235 billion yuan, a fourfold year-on-year increase. Recorded a net profit of 45.64 million yuan, compared to a loss of 0.106 billion yuan in the previous year, turning loss into profit; earnings per share of 3.4 cents. No final dividend will be distributed.
Pine tech (01079.HK) annual sustainable operating income is about 0.235 billion Hong Kong dollars, a year-on-year increase of about 400%.
As of June 30, 2024, for the full-year performance, pine tech (01079.HK) announced that the income from its continuing business operations was approximately 0.235 billion Hong Kong dollars, an increase of about 400% year-on-year. The annual attributable profit to owners from continuing operations was approximately 45.641 million Hong Kong dollars, whereas last year it had an attributable loss of approximately 0.103 billion Hong Kong dollars from continuing operations. Earnings per share from continuing and discontinued operations were 0.034 Hong Kong dollars. The turnaround to profit reported by the group was mainly due to increased revenue and gross profit, as well as the recognition of proceeds from the sale of subsidiary companies.
PINE TECH: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2024
Hong Kong stocks surged more than 90%, and pine tech (01079) is expected to turn losses into profits for the whole year, with a net profit of not less than 40 million Hong Kong dollars.
Pine Tech (01079) soared over 90%, as of the deadline for this report, increased by 90.63%, trading at 0.061 Hong Kong dollars, with a turnover of 0.6412 million Hong Kong dollars.
Pine Technology to Turn to Profit in Fiscal Year 2024