Rykadan Capital Reports Narrowed Annual Loss

Rykadan Capital Ltd. (HK:2288) has released an update.

Rykadan Capital Limited has reported a net loss of HK$176.2 million for the fiscal year ended March 31, 2024, an improvement from the previous year’s loss of HK$192.2 million. The company’s net assets per share have decreased from HK$2.76 to HK$2.29, and it has opted not to distribute a final dividend for the year. Additionally, the firm’s bank balances and cash reserves have decreased to HK$101 million from HK$167 million in the prior year.

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