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An update from Pine Technology Holdings Limited ( (HK:1079) ) is now available.
Pine Technology Holdings Limited has issued a profit warning, indicating a significant financial downturn for the fiscal year ending June 30, 2025. The company expects an unaudited consolidated net loss after tax of at least HK$14.5 million, contrasting with the previous year’s net profit of HK$45.0 million. This reversal is primarily due to the absence of a one-off gain from the disposal of subsidiaries recorded in the prior year. The announcement underscores the need for shareholders and potential investors to exercise caution when dealing with the company’s shares.
More about Pine Technology Holdings Limited
YTD Price Performance: 744.44%
Average Trading Volume: 20,601,345
Technical Sentiment Signal: Buy
Current Market Cap: HK$510.8M
For an in-depth examination of 1079 stock, go to TipRanks’ Overview page.