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Victor Group Holdings Reports Significant Profit Increase Amid Revenue Decline

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Victor Group Holdings Reports Significant Profit Increase Amid Revenue Decline

An announcement from Victor Group Holdings Ltd ( (AU:VIG) ) is now available.

Victor Group Holdings Limited reported a significant increase in profit for the half-year ending December 31, 2024, despite a decline in revenues. The company achieved a profit of $1,433,647, a substantial turnaround from a loss of $579,265 in the previous period, marking a 347.5% increase. However, no dividends were declared or paid during this period. The net tangible assets per ordinary security also saw a notable increase from 0.01 cents to 1.14 cents, reflecting improved financial health.

More about Victor Group Holdings Ltd

YTD Price Performance: -8.33%

Average Trading Volume: 22,246

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$35.87M

See more data about VIG stock on TipRanks’ Stock Analysis page.

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