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Pinestone Capital Faces Loss Despite Revenue Rise

Pinestone Capital Faces Loss Despite Revenue Rise

Pinestone Capital Ltd (HK:0804) has released an update.

Pinestone Capital Ltd reported an unaudited revenue increase of 13% to HK$10.7 million for the first half of 2024 compared to the previous year, however, they faced an unaudited net loss of HK$0.8 million due to impairment losses on trade and loan receivables. The loss per share was HK 0.20 cents, a drop from the earnings of HK 0.13 cents per share in the same period of 2023, and the company will not be issuing an interim dividend.

For further insights into HK:0804 stock, check out TipRanks’ Stock Analysis page.

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