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VCI Global CEO Increases Shareholding by 15.27%, Expresses Strong Confidence in Company’s Growth
VCI Global (NASDAQ: VCIG) announced that CEO Dato' Victor Hoo has significantly increased his shareholding by 15.27%, now controlling approximately 27.32% of the company's total outstanding shares. This move, along with the recent share buyback program and strong H1 2024 financial performance, underscores VCIG's growth trajectory and positive outlook.
The company reported impressive H1 2024 results, including a 44% year-over-year increase in revenue, 57% rise in gross profit, and 25% growth in net income. These results align with VCIG's full-year guidance of a 65% increase in revenue and 68% rise in gross profit for FY2024, with potential to exceed these targets if current trends continue.
The company reported impressive H1 2024 results, including a 44% year-over-year increase in revenue, 57% rise in gross profit, and 25% growth in net income. These results align with VCIG's full-year guidance of a 65% increase in revenue and 68% rise in gross profit for FY2024, with potential to exceed these targets if current trends continue.
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