Pinetree Reports 2011 Financial Results

Pinetree Capital Ltd.(TSX:PNP) announced its audited financial results for year ended December 31, 2011.

As quoted in the press release:

For the year ended December 31, 2011, Pinetree had a net loss of $298 million, as compared to net profit of $298 million last year. Net loss for the year ended December 31, 2011 was primarily the result of net investment losses of $331 million, comprised of $426 million in unrealized losses on investments offset by realized gains on dispositions of investments of $95 million.

Click here to read the Pinetree Capital Ltd. (TSX:PNP) press release