iCreate had a record-breaking quarter ending December 2022, revenues surged by 2,795.2% which equates to J$28.9 million. Overall revenue for 2022 climbed by 314.5% which is approximately J$136.05 million.
Profit also increased by 170.8% to a figure of $22.8 million which is better than the losses the business experienced in the same period during the prior year to the figure of $32.2 million.
Total assets reach J$852.9 million, up from J$75.5 million as of December 31, 2021.
Analysts are suggesting that such recent levels of growth are a result of the successful mergers and acquisitions that the company has worked on over the last year. Additionally, you could also look at the fact that the company has been expanding operations and improving the core products and services that the company offers.
iCreate’s board came out with a statement that coincides perfectly with what analysts are making. “this strong performance was positively impacted by our expansion initiatives, the acquisition of Vertical Creative Limited and Get Paid Limited at the beginning of the year. It is also noteworthy that, during the Christmas period, our Advertising Division performed exceptionally well, boosting revenue for the quarter”.
Overall these are good numbers and it shows the company is pivoting in the right direction.
