Business
Final results for the year ended 31 December 2022
Final results for the year ended 31 December 2022.
About this update from Sealand Capital Galaxy Ltd.
[{"type":"text","content":"\n\nFor immediate release\n \nSealand Capital Galaxy Limited\n(\"Sealand\", or the \"Company\", or \"the Group\")\nFinal results for the year ended 31 December 2022\n \nSealand Capital Galaxy Limited (LSE: SCGL) announces that it has published its Annual Report and Financial Statements for the year ended 31 December 2022 with respect to the Company and its subsidiaries (the \"Group\").\nThe Annual Report and Financial Statements are available to view on the Company's website at http://scg-ltd.com/ . \nA copy of the Annual Report and Financial Statements has also been submitted to the National Storage Mechanism and is available for inspection.\nNelson Law, Executive Chairman of the Company commented:\n \n\"In 2022, the Company experienced significant growth, albeit from a low base, in new markets in Hong Kong through its wholly owned subsidiary, SCG GROUP LIMITED. The Company's revenues increased by 27.6%, primarily driven by multiple reselling channels, with a major contribution from the local market in Hong Kong. In addition, SCG GROUP LIMITED achieved further success by implementing a reselling model in Hong Kong, collaborating with chain store retailers, individual live stream platforms, and luxury department stores.\nCommenting on outlook he added:\n\"Looking ahead, SCG GROUP LIMITED is committed to further expanding its operations both horizontally and vertically in the upcoming year. The Company aims to diversify its product lines for each brand while simultaneously expanding its geographic presence. Emphasising new channel development, SCG GROUP LIMITED will forge partnerships with additional channel parties to align with its core focus and ensure cohesiveness.\n-Ends-\n \n\n\n\nEnquiries:\n \n\n\n\n\n\n\n\nSealand Capital Galaxy Limited \n\n\n\n\n\n\n\nLaw Chung Lam Nelson, Executive Chairman\n\n\n+ 44 (0) 753 795 9788\n\n\n\n\n\n\n\n\n\n\n\n \nNotes to Editors:\nFurther information on Sealand please visit: http://www.scg-ltd.com/ \n \n \n \n \n \n \n\n\n \nCHAIRMAN'S STATEMENT\n \nDear Shareholders\n \nI hereby present the annual report of Sealand Capital Galaxy Limited (the \"Company\" or \"Sealand\", together with its subsidiaries, the \"Group\") for the year ended 31 December 2022 (the \"Year\").\n \nPERFORMANCE FOR THE YEA...