Victor Group Sees Strong Revenue Growth Amidst Re-strategizing

Victor Group Holdings Ltd (AU:VIG) has released an update.

Victor Group Holdings Limited reported a 158% increase in sales revenue to $5.27 million and a 225% increase in gross profit to $1.17 million for the half-year ending December 31, 2023, despite a net loss of $579,265 due to pre-customer expenditures. The company saw significant growth in its software and cloud-based services, outperforming traditional inventory sales, and disposed of non-core intangible assets to streamline operations. Looking forward, the firm is exploring new strategies to enhance its presence in the Australian market and capitalize on the thriving online education sector in China and Australia.

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