Reliance Global Group Achieves 29% Increase In Revenue For Q1 Of 2023
Portfolio Pulse from Happy Mohamed
Reliance Global Group reported a 29% increase in revenue for Q1 2023 compared to the same period in 2022, and a 9% reduction in operating costs. The company's RELI Exchange platform now has over 250 agency partners and continues to grow.
May 18, 2023 | 8:10 pm
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POSITIVE IMPACT
Reliance Global Group's Q1 2023 revenue increased by 29% YoY, and operating costs reduced by 9%. The RELI Exchange platform now has over 250 agency partners.
The 29% increase in revenue and 9% reduction in operating costs indicate a strong financial performance for Reliance Global Group. The growth of the RELI Exchange platform, with over 250 agency partners, suggests a positive outlook for the company's future growth and profitability, which could lead to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100