Raytech Holding Ltd. Reports Significant Increase in Revenues and Net Income for Fiscal Year Ending March 31, 2024; EPS Also Shows Strong Growth

Reuters
Jul 25
Raytech Holding Ltd. Reports Significant Increase in Revenues and Net Income for Fiscal Year Ending March 31, 2024; EPS Also Shows Strong Growth

Raytech Holding Ltd. has released its annual results for the fiscal year ending March 31, 2024. The company, which operates primarily in Hong Kong, reported a variation in its consolidated revenues compared to the previous year. However, specific figures on sales or revenue changes were not detailed in the provided context. The company calculates earnings per share $(EPS)$ in accordance with ASC 260, which requires the presentation of both basic and diluted EPS. Basic EPS is calculated as net income divided by the weighted average ordinary shares outstanding during the period. Diluted EPS considers the potential effect of convertible securities, options, and warrants as if they had been converted at the beginning of the periods presented. Raytech Holding Ltd. highlighted several risks and uncertainties that could affect its operations, particularly related to the political, economic, and legal environments in Hong Kong. The company noted that these factors, along with foreign currency exchange risks, could influence its financial condition and results of operations. In terms of outlook, the company stated that the adoption of a new accounting standard effective January 1, 2023, is not expected to have a significant impact on its consolidated financial statements. However, the ultimate effect will depend on the size and frequency of future acquisitions. The company does not anticipate other recently issued accounting standards to materially affect its financial statements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Raytech Holding Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-067464), on July 25, 2025, and is solely responsible for the information contained therein.

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