VCI Global Limited (VCIG) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone, and welcome to VCI Global Fiscal Year 2024 Earnings Conference Call. Joining me today to discuss our results are Victor Hu, our Group Executive Chairman and CEO, and Zifeng Ang, our CFO. Before we begin, I would like to take this opportunity to remind you that our remarks today may contain forward-looking statements, which are subject to future events and uncertainties. Statements that are not historical facts, including but not limited to statements about the company's beliefs and expectations, are forward-looking statements. forward-looking statements involve inherent risks and uncertainties, and our actual results may differ materially from these forward-looking statements. All forward-looking statements should be considered in conjunction with the cautionary statements in our earnings release and the risk factors included in our followings with SES. This presentation also includes certain non-GAAP financial measures which we believe can be helpful in evaluating our performance. However, those measures should not be considered substitutes for comparable GAAP measures. The accompanying conciliation information related to those non-GAAP and GAAP measures can be found in our earnings press release issued earlier today. Without further ado, I will now turn the call over to our Group's Executive Chairman and CEO, Mr Victor Hu. Thank you, good morning everyone, and thank you for joining the call to discuss our 2024 performance. I am pleased to report a strong year for VCI Global. We achieved a 41% increase in revenue, reaching $27.8 million and $0.4 million increase in net income, amounting to US$7.6 million compared to the previous fiscal year. This remarkable growth was driven by solid performance across all our business segments. Despite a chal...