(MENAFN – EIN Presswire) VCI Global Limited (VCIG) Reports Revenue Growth Through IPO Consultancy
ATLANTA, GA, USA, October 18, 2024 /EINPresswire/ — VCI Global (NASDAQ:VCIG) achieved remarkable financial success in 2023, with a revenue increase of 145%, growing from $8.1 million in 2022 to $19.8 million in 2023. The business consultancy division led this growth, producing $14.7 million (74% of revenue) with a 265% rise year-over-year. The technology development sector also contributed significantly, earning $4.5 million (23% of total revenue) with a 13% annual growth rate. Net income rose by 57% to $7.2 million, highlighting VCI Global’s strong profitability.
Strategic initiatives and rising demand for IT consulting, especially in Malaysia, drove this growth. The sector is projected to expand further, reaching $0.25 billion by 2024 as businesses embrace digital transformation.
VCI Global aims for a 50% revenue boost in its IPO advisory segment by 2025, reflecting confidence in increasing demand for such services as companies pursue public listings.
IPO Consultancy: Key to VCIG’s Revenue Growth
VCI Global’s IPO advisory services are crucial for its revenue increase. The firm’s expertise in helping businesses navigate IPOs, particularly in Malaysia and Singapore, is evident. For example, guiding YY Group Holding Limited to its NASDAQ listing illustrates VCI’s capabilities in global markets.
As Southeast Asia’s economies grow, more mid-sized companies seek IPOs. VCIG focuses on personalized and cost-effective services, covering regulatory compliance and market positioning. Recently, it secured a major contract with a Fin-MedTech group in Singapore for their upcoming Nasdaq listing, potentially generating $4-8 million in revenue.
Looking ahead, VCIG plans strategic partnerships to enhance its IPO consultancy services as the market landscape in Southeast Asia evolves.
About VCI Global Limited
VCI Global is a diversified holding company based in Kuala Lumpur, Malaysia, focusing on consulting, fintech, AI, robotics, and cybersecurity. The company provides consulting services in capital markets and technology and operates a financing platform and secured messaging system.
For more information, please visit our website.
About Landon Capital
Landon Capital, founded in 2017, assists emerging growth companies in increasing their presence on Wall Street through customized programs.
Legal Disclaimer: This release is not an offer for securities. Landon Capital received no direct compensation for this release but holds a position in the company. Forward-looking statements involve risks and uncertainties.
Contact: Keith Pinder, Landon Capital, +1 404-995-6671
Follow us on social media: X, LinkedIn, Instagram
EIN Presswire provides this news content “as is” without any warranty. We are not responsible for the accuracy of the information herein. For concerns, please contact the author above.
`
