PINE Technology Holdings Ltd. Announces Unaudited Consolidated Earnings Results for the Six Months Ended December 31, 2011; Provides Earnings Guidance for the Second Half of 2012
February 27, 2012 at 08:36 pm IST
PINE Technology Holdings Ltd. announced unaudited consolidated earnings results for the six months ended December 31, 2011. For the period, the company reported turnover of $114,966,000 against $150,219,000 a year ago. Loss before tax was $1,629,000 against profit before tax of $962,000 a year ago. Loss for the year was $1,860,000 against profit for the year of $831,000 a year ago. Net cash from operating activities was $3,922,000 against $1,801,000 a year ago.
For the second half of 2012, the company expects that its revenue and profit position to improve from the first half.