Sealand Capital Adapts to Economic Challenges

Sealand Capital Galaxy Ltd. (GB:SCGL) has released an update.

Sealand Capital Galaxy Limited, a diversified digital marketing, e-commerce, and IT group, faced a 44.52% revenue drop in 2023 due to economic downturns, rising interest rates, and RMB devaluation, impacting customer spending and order volumes. Despite the challenges, the firm plans to boost sales through strategic product combinations and maximize revenue via lower gross profit margins. Additionally, the company secured a three-year extension of its sole distributorship for HH Simonsen in Hong Kong and aims to grow sales by 5% annually while also expanding direct sales via online platforms.

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