VCI Global sees 2024 revenue up approx. 65% vs. 2023

Sees gross margin 85%, operating expense $18.8M, operating income 20%-23%, effective tax rate 5%. “VCI Global delivered a strong financial year that exceeded expectations across key metrics. We gained market share with positive comparable sales demonstrating improved relevance with our business model. The milestone that we have executed so far this year has given us confidence to raise both sales and operating income guidance for the full year. We are on a journey to become a high-performing company in every phase of our business,” said Victor Hoo, Executive Chairman and Chief Executive Officer of VCI Global.