Pine Tech (01079.HK) announced on September 26 that for the full year ending June 30, 2024, the group's income from its continuing operations was approximately 0.235 billion Hong Kong dollars, an increase of about 400% year-on-year. The annual attributable surplus to owners of the company from continuing operations was approximately 45.641 million Hong Kong dollars, while last year the attributable loss to owners of the company from continuing operations was approximately 0.103 billion Hong Kong dollars. Earnings per share from continuing and discontinued operations were 0.034 Hong Kong dollars.

The turnaround from losses to profits reported by the group was mainly due to increased revenue and gross profit, realized gains from the sale of subsidiaries, significant reductions in general and administrative expenses, and the absence of impairment losses on goodwill and intangible assets for the year. In the current year, the increase in income was mainly due to increased sales of computer parts and consumer electronics products by other manufacturers and the trade of plastic raw materials.