Pinetree Capital Ltd. (PNP.TO) said Friday it incurred a net loss for the year ended December 2012, owing to significant investment losses.
The Canada-based investment and merchant banking company reported a net loss of $146 million or $1.07 a share for the year ended December 2012, as compared to $298 million or $2.19 a share last year. Loss per share was $1.07 for the year ended December 31, 2012, as compared to $2.19 for the year ended December 31, 2011.
Pinetree, which focuses on the small cap market, has investments primarily in the resources sector such as precious Metals, base Metals, oil and gas, among others.
As of December 2012, the company said its total investments at fair value was $270 million, down 37% from the prior year. Net asset value per share decreased 41% to $1.55 as of December 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.