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Vivic Corp. (OTCQB: VIVC), a leading provider of luxury yacht access, reported strong preliminary revenues exceeding $4.4 million for the first half of 2024. The company, which focused on luxury yacht sales in 2023, expects even stronger performance in the second half of 2024. Vivic is the exclusive distributor of Monte-Fino yachts in Asia and the Middle East, with non-exclusive distribution rights in other territories.
CEO Shang-Chiai Kung noted that sales growth exceeded expectations, attributing this to charter yacht operators' reliance on Vivic. The company's global headquarters is in Taiwan, strategically positioned for quick access to leading yacht builders. Vivic anticipates continued growth, with projections subject to revision based on current business conditions.
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