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2002-9-23 12:04:00 p.m. HKT, XFNA
STOCK ALERT - Pine Technology sharply lower after FY results
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HONG KONG (AFX-ASIA) - Pine Technology Holdings Ltd (8013.HK) was down 0.
01 hkd or 11.11 pct at 0.08, underperforming the broader market after
reporting its year to June net profit fell to 403,000 usd from 931,000 a year
earlier, while sales fell to 238.259 mln usd from 297.434 mln, dealers said.
The company also omitted paying a final dividend after distributing 0.26
US cents per share last year.
At 11.40 am, the Hang Seng index was down 91.1 points at 9,237.12.
lyndal.mcfarland@afxnews.com
lmf/jtz
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