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Pinestone Capital Ltd ( (HK:0804) ) has provided an announcement.
Pinestone Capital Ltd reported a 26% increase in revenue for the year ended December 31, 2024, primarily driven by a significant rise in fee income from placing and underwriting services. However, the company faced a net loss of HK$31.7 million due to substantial bad debts and impairment losses related to its securities-backed lending services, leading to a decision not to recommend a final dividend for the year.
More about Pinestone Capital Ltd
Pinestone Capital Ltd is a financial services company incorporated in the Cayman Islands, focusing on placing and underwriting services, securities brokerage, and securities-backed lending services.
YTD Price Performance: -10.91%
Average Trading Volume: 1,727,803
Technical Sentiment Signal: Buy
Current Market Cap: HK$95.51M
Learn more about 0804 stock on TipRanks’ Stock Analysis page.