8VI Holdings Ltd (AU:8VI) has released an update.
8VI Holdings Ltd reported a challenging quarter with a 37% drop in revenue to S$2.2 million, reflecting market dynamics and strategic shifts, including the suspension of VI College’s investing programmes. Despite this, the company saw improved cash receipts, largely attributed to the success of their subsidiary AlphaVI’s expansion in the preventive healthcare market. The company has ceased its financial advisory operations to focus on cost efficiency and streamlining in pursuit of profitability and sustainability.
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