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Pine Technology Reports Interim Loss Despite Revenue Growth

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Pine Technology Holdings Limited ( (HK:1079) ) has provided an update.

Pine Technology Holdings Limited announced its unaudited interim financial results for the six months ended December 31, 2024, revealing a revenue increase to HK$140,048,000 from HK$127,559,000 in the previous year. Despite the revenue growth, the company reported a loss of HK$6,607,000 compared to a profit of HK$51,843,000 in the same period last year, primarily due to increased costs and expenses, impacting its overall financial performance.

More about Pine Technology Holdings Limited

Pine Technology Holdings Limited is a company incorporated in Bermuda with limited liability, operating within the technology sector. The company and its subsidiaries focus on providing technology-related products and services.

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €7.49M

For an in-depth examination of 1079 stock, go to TipRanks’ Stock Analysis page.

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