Summary by Moomoo AI
Victory Securities (Holdings) Limited announced its results for the year ended 31 December 2023 with revenues of approximately HK$54.97 million, down 28.7% from approximately HK$77.11 million in the previous year. The loss for the year was approximately HK$25.08 million, an increase of 3.4% over the previous year's approximately HK$24.24 million. The Company proposes to pay a final dividend of HK$0.50 cents per share, pending the approval of the Annual Shareholders' Meeting. Victory Securities provides diversified financial services in Hong Kong, including securities/futures brokerage, distribution and outsourcing services, asset management services, financial advisory services and investment advisory services. The Company is also actively developing services related to virtual assets, including obtaining regulatory approval to provide virtual asset trading and advisory services. This year, the total volume of the Hong Kong stock market fell, affecting the income of the company's brokerage services. The Company will continue to develop its asset management services and explore financial advisory service opportunities, and focus on the impact of the market and investment climate on its business.
