Pine Technology Holdings Limited (HK:1079) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
PINE Technology Holdings Limited has issued a positive profit alert, projecting a substantial turnaround with an expected net profit of not less than HK$40 million for FY2024, compared to a net loss of HK$107.6 million in the previous year. The anticipated profit is primarily due to increased revenue, reduced administrative expenses, no impairment losses, and gains from the disposal of subsidiaries. Investors are advised to exercise caution and await the fully reviewed financial results due on 26 September 2024.
For further insights into HK:1079 stock, check out TipRanks’ Stock Analysis page.