Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 59

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 4A
Chunk 59
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 base compared to the prior financial                                                         
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  The operating expenses were increased                                                                                                     

  (iv)      Others  

Net profit from others decreased
by MYR260,515 (USD56,333) or 77.72% from MYR335,203 (USD73,040) in 2023 to MYR74,688 (USD16,707) in 2024 due to the following reasons:

  Other revenues consist primarily                                                                                                                   

  Other costs of services increased by MYR405,852 (USD92,400), from MYR278,440 (USD60,670) in fiscal year 2023 to MYR684,292 (USD153,072) in fiscal year 2024.                                    
                                                                                                                                                                                                  
                                                                                                                                                                                                  
                                                                                                                                                                                                  
  The increase was primarily attributable to higher training expenses and increased staff-related costs associated with the operations of the Group's education arm during the fiscal year 2024.  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  Gross profit margin significantly                  
  decreased by 16% from 75% in 2023 to 59% in 2024.  
 ─────────────────────────────────────────────────────

  The operating expenses were increased                                                                                                      

Comparison of Results of Operations for
the Fiscal Years Ended December 31, 2023 and 2022

The following table summarizes our results of
operations for the fiscal years ended December 31, 2023 and 2022, respectively, and provides information regarding the MYR and percentage
increase or (decrease) during such periods.

 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue                                         89,581,700      19,519,687       98.66       34,265,404       96.33      55,316,296        161.43  
  Revenue – related party                          1,216,444         265,061        1.34        1,304,478        3.67         (88,034         (6.75  
  Total revenue                                   90,798,144      19,784,748      100.00       35,569,882      100.00