Pinetree Capital (TSE:PNP) has released an update.
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Pinetree Capital Ltd. has reported a significant rise in its financial standing with total assets reaching $56,820 and a 24.6% increase in Book Value per Share (BVPS), up from $4.83 to $6.02 in the first quarter of 2024. The company’s equity investments are at a robust 94% of book value, showcasing a strong portfolio growth compared to the previous year. Additionally, the firm has successfully reduced its expenses to 1.4% of book value, further solidifying its fiscal efficiency.
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