Company: VCIG
Filing Date: 2025-05-13
Form Type: 20-F
Source: 0001213900-25-042476
Chunk: 79

Company: VCI Global Ltd
Filing Date: 2025-05-13
Form: 20-F
Item: Item 5
Chunk 79
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R90,798,144 (USD19,784,748) for the fiscal
year ended December 31, 2023. The increase in our revenue was primarily due to increase in revenue from technology development, solutions
and consultancy services, interest income from microfinancing activities.

Our different revenue sources for fiscal years
2024 and 2023 were as follows:

  Revenue by service types:                                                                                                                        
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Revenue from business strategy consultancy       66,271,454      14,824,502       53.28      67,252,153       74.07        (980,699       (1.46  
  Revenue from technology development              51,018,808      11,412,582       41.02      20,525,915       22.61      30,492,893      148.56  
  Interest income                                   5,430,828       1,214,842        4.36       1,897,005        2.09       3,533,823      186.28  
  Others                                            1,667,301         372,965        1.34       1,123,071        1.23         544,230       48.46  
  Total operating revenue                         124,388,391      27,824,891      100.00      90,798,144      100.00      33,590,247       36.99  

Revenue from Business Strategy Consultancy
Services

Revenue from business strategy consultancy services
amounted to MYR66,271,454 (USD14,824,502) for the fiscal year ended December 31, 2024, representing a marginal decrease compared to MYR67,252,153
(USD14,654,120) recorded in the previous year, and reflecting overall consistency in performance year over year.

Revenue from Technology Development, Solutions,
and Consultancy Services