Timzer Invest Reports 2023 Financial Results

You are currently viewing Timzer Invest Reports 2023 Financial Results

Timzer Invest released its annual report and financial results for the fiscal year 2023 on the 15th of February, 2024.

In the report, Timzer Invest reports net revenue of $1,034,995, an increase of 159.18% compared to the prior period.

After accounting for costs, including depreciation, financial costs, and wages, the company reports a net profit before tax of $817,357, an increase of 131.75% compared to the prior period.

The CEO and founder of Timzer Invest, Tim Stadel Clausen, reports that “the company has continued to see great economic growth in the fiscal year, which has resulted in both higher revenue and a greater profit compared to the year prior.”

He also added that “the company will shift its content focus for its websites as a result of changes in Google’s search algorithm.” The company’s investment and social media activities remain unchanged.

You can read the full annual report on Timzer Invest’s page in the Danish Central Business Register.

The exchange rate USD/DKK 6.68 – the average exchange rate for the year 2023 is used to calculate the financial results in dollars.