Vividthree Holdings Posts Higher Year-on-Year Revenue and Profit for 2QFY2020
11 Nov 2019
- Entered into a Memorandum of Understanding (“MOU”) to develop the Doraemon
- Experience (“DE”) show with integration of Virtual Reality (“VR”) and Augmented Reality (“AR”) elements
- Teamed with Resorts World Genting to create and develop the ‘Train to Busan Horror House’ show, a first-of-its-kind hyper-reality immersive experience
- Inked MOU with Malaysia Institute of Economic Research and Science Discoveries Sdn Bhd as the exclusive technology provider for a RM1.3 billion tourism mixed development in Malaysia
Vividthree Holdings Ltd. (SGX: OMK), a virtual reality, visual effects and computer-generated imagery production studio (“Vividthree”, the “Company” or the “Group”) today announced its financial results for the second quarter ended 30 September 2019 (“2QFY2020”) and half year ended 30 September 2019 (“1HFY2020”).
Managing Director of Vividthree, Mr Charles Yeo commented, “We are encouraged by the improvements we have seen in this set of results. Our Post-production segment continues to provide the base for the Group’s profitability in this quarter. We have been gaining positive traction in the Content Production segment after we rolled out TTB VR Tour Show in Beijing and Xiamen. We want to grab every opportunity to adapt and produce a different concept of immersive experiences like the recent launch of the ‘Train to Busan Horror House’ in Resorts World Genting. The Group continues to grow its content development capabilities with the recent announcement on the MOU to create and develop ‘Doraemon Experience’. We continue to be confident in maintaining our current position in this industry.”