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Pinetree Capital Ltd T.PNP.DB


Primary Symbol: T.PNP Alternate Symbol(s):  PNPFF

Pinetree Capital Ltd. is a value-oriented investment and merchant banking company focused on the technology sector. The Company's objective is to maximize shareholder value. It invests primarily in equity, as well as debt and convertible securities. The Company holds approximately 8-12 investments, resulting in equity positions between 7% and 12% of assets (though its positions may at times reach or exceed 20%). Its subsidiaries include Pinetree Capital Investment Corp. (PCIC) and Emerald Capital Corp., and Pinetree Income Partnership (PIP).


TSX:PNP - Post by User

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Post by kiskadogon Nov 09, 2012 6:45pm
318 Views
Post# 20583986

EOD newzzzzzz

EOD newzzzzzz

Pinetree Capital Ltd. Announces Unaudited Financial Results for the Three and Nine Months Ended September 30, 2012

 
Pinetree Capital Ltd. Announces Unaudited Financial Results for the Three and Nine Months Ended September 30, 2012

TORONTO, ONTARIO--(Marketwire - Nov. 9, 2012) - Pinetree Capital Ltd. ("Pinetree") (TSX:PNP) today announces its unaudited financial results for the three and nine months ended September 30, 2012.

During the third quarter of 2012, Pinetree had a net profit of $23 million, as compared to a net loss of $136 million for the same quarter last year. Net profit generated was primarily the result of net investment gains of $26 million in the quarter, comprised of $49 million in unrealized gains on investments and realized losses on dispositions of investments of $23 million. Earnings per share was $0.17, as compared to loss per share of $1.00 per share in the three months ended September 30, 2011.

For the nine months ended September 30, 2012, Pinetree had a net loss of $98 million, as compared to $292 million for the same period last year. Net loss generated was primarily the result of net investment losses of $89 million in the current period, comprised of $62 million in unrealized losses on investments and realized losses on dispositions of investments of $27 million. Loss per share was $0.72, as compared to $2.14 per share in the nine months ended September 30, 2011.

 

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