The following is a summary of the VCI Global Limited (VCIG) Q4 2024 Earnings Call Transcript:
Financial Performance:
VCI Global reported a Q4 145% increase in revenue to $19.8 million, with a 57% increase in net income totalling $7.2 million.
IPO consultancy revenue increased by 265% to $14.7 million and technology consulting revenue grew by 13% to $4.5 million.
Earnings per share saw significant growth of 62% to 0.21 per share.
Both EBITDA and operating income observed commendable increases of 125% and 128% respectively, showing impressive profitability.
Business Progress:
VCI Global attributes its financial growth to exceptional performance across all business divisions and outstanding service to clients.
Listing on NASDAQ has increased VCIG's recognition and is creating opportunities for the expansion of IPO advisory services particularly in the Southeast Asia region.
The company expects continued growth with market expansion, and is well-equipped to seize emerging opportunities with its diverse services and competent team.
More details: VCI Global IR
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