7th September 2023 - London, United Kingdom - Wealth Dragons Group PLC (“Wealth Dragons” or “the Company”) (VIE: WDG) (ISIN: GB00BGMGZR93)
Wealth Dragons Group PLC Reports Stronger Performance Despite Pandemic Challenges
Wealth Dragons Group PLC proudly announces its consolidated financial results for the year ending 31 December 2021, showcasing resilience, adaptability, and an optimistic outlook for the future.
Key Highlights:
Healthy Turnover Amid Pandemic: The company recorded a turnover of £2,438,886 for 2021, marking a significant rise from £1,529,210 in 2020.
Robust Profit Margins: Focused cost management resulted in a gross profit of £1,228,301, in comparison to £637,372 the previous year. Showing almost a 2x improvement
Loss Minimization: Through stringent cost management, the group reduced its loss before tax to £(137,499), a marked improvement from £(974,957) in 2020.
Andrew Beaumont, Chairman and Non-Executive Director, remarked, "The past year tested our adaptability and resilience, but the dedication of our teams ensured we emerged stronger. While the pandemic posed substantial challenges, our swift pivot to online events and digital platforms signals promising growth."
Transition to Online Platforms: Embracing the digital shift, the group's transition to online events has shown encouraging signs of success. The company sees online development as a cornerstone of its future strategy.
Emphasis on Employee Well-being: Recognizing the crucial role of its workforce, Wealth Dragons ensured that while many employees worked from home, some also returned to the office, underlining the importance of individual well-being.
Andrew Beaumont added, "We are confident in our ability to navigate change successfully. With a positive outlook, we're poised to seize medium to long-term opportunities, further buttressed by our strengthening online presence."
The Chairman extended heartfelt thanks to stakeholders and shareholders, whose unwavering support has been indispensable. He reaffirmed the company's commitment to building long-term shareholder value.
The full accounts can be downloaded here
About Wealth Dragons
Wealth Dragons is a global financial education and entrepreneurship training company that provides individuals with the knowledge and tools to achieve financial freedom. Founded in 2009, the company has helped thousands of people around the world to create wealth through its range of educational products and services.
For media inquiries and more information please contact:
Vincent Wong, CEO, Wealth Dragons.
+44 (0)1908 032 432
For further investment information please contact: investors@wealthdragons.co.uk
Risk Warning Disclaimer
The value of the securities and the income derived from them can fall as well as rise. Investors may not get back their initial investment. Past performance is not a reliable indicator of future performance and the amount realised may be less than the original investment made. Any estimates of future performance are based on assumptions that may not be realised. Any securities denominated in foreign currencies may see their value fall as a result of exchange rate movements. Market conditions may impact the liquidity and volatility of the securities and accordingly an investor may find it difficult to realise an investment.
