Rykadan Capital Limited has announced its consolidated annual results for the year ended 31 March 2025. The Group reported total revenues of HK$74.451 million from continuing operations, a decrease from HK$92.590 million in the previous year. This decline was primarily attributed to a reduction in sales of completed properties, which amounted to HK$70.773 million compared to HK$92.590 million in the prior period. The Group recorded a loss before taxation from continuing operations of HK$223.831 million, with a total loss for the year from continuing and discontinued operations of HK$293.704 million, compared to a loss of HK$176.166 million in the previous year. The net assets per share attributable to owners of the Company decreased to HK$1.54 from HK$2.29 as of 31 March 2024. The Group's bank balances and cash stood at approximately HK$64 million as of 31 March 2025, down from HK$101 million in the previous year. The Board of Rykadan Capital Limited has decided not to recommend the payment of a final dividend for the year ended 31 March 2025. There was no specific guidance or outlook provided for the upcoming period.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.