Pengana Capital Group (ASX:PCG) has released their financial results for the fiscal year, disclosing a loss of A$489,000.

This is a stark shift from the previous year where they posted profits of A$18.7 million.

The firm also reported revenues from ordinary activities amounting to A$39.2 million, which is a decrease from last year’s A$79.3 million.

Pengana Capital Group is an investment management company well-known for providing a spectrum of innovative strategies for various asset classes.