Pine Care (1989) said interim net profit increased by 43.2 percent year-on-year to HK$12.84 million. For the six months ended September, the basic earnings per share were 1.42 HK cents. Revenue was up by 13.4 percent to HK$120.89 million from a year ago. The increase was mainly from the combined effects of the ramp-up in the occupancy rate of Pine Care Place; start of operations of Pine Care Point; and an increase in average monthly residential fee of eight EA1 care and attention homes, the company said.

Source: The Standard November 24, 2020 09:11 UTC