Vividthree posts Q2 net profit
Vividthree Holdings on Monday reported a net profit of S$208,187 for the second quarter ended Sept 30, compared to a net loss of S$456,659 a year ago.
This came on the back of revenue more than doubling to S$1.8 million from S$670,800 in the previous Q2, attributed to the completion of post-production works in the post-production segment, which includes visual effects and computer-generated imagery for film producers.
The virtual reality, visual effects and computer-generated imagery production studio said it intends to further adapt the Train to Busan intellectual property rights for more show concepts and immersive attractions, such as the recent Train to Busan Horror House immersive experience at Resorts World Genting. Shows related to the movie are expected to receive more attention as the sequel Train to Busan 2: Bando is slated to be released in 2020.
It also intends to venture into webcomic videos, which it will launch at the Singapore Comic Con in December.
Vividthree shares closed up 0.2 Singapore cent or 1.35 per ent to S$0.15 before the results were announced.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Morgan Stanley Asia private equity unit to reorganise as CEO retires
Mercedes says it will continue to invest in China tie-ups
Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June
Gold trades in tight range as market focuses on US economic data
TSMC says ‘A16’ chipmaking tech to arrive in 2026, setting up showdown with Intel
Battery firm LG Energy Solution Q1 profit plunges on weak EV sales