Energy Portal
Revenue growth refers to the increase in a company’s sales or income over a specific period, typically measured as a percentage. It is an important indicator of a company’s financial health and performance, reflecting its ability to expand market share, attract new customers, and enhance product or service offerings. Revenue growth can arise from various factors, including higher sales volume, increased pricing, introduction of new products, or expansion into new markets. Businesses often track revenue growth over quarterly or annual periods to assess trends, make strategic decisions, and communicate performance to stakeholders. Achieving consistent revenue growth is a key objective for companies, as it is often correlated with profitability and overall success in a competitive landscape.
ELK-Desa Resources Bhd, a non-bank lender specializing in the used-car segment, has announced a significant increase in revenue for the fourth quarter ended March 31, 2024. Despite the challenging economic…