Vividthree Holdings (VVH)

Vividthree reports 16% fall in 3Q earnings to $1.2 mil on higher admin expenses

SINGAPORE (Feb 11): Vividthree Holdings, the virtual reality (VR), visual effects and computer-generated imagery production studio, reported earnings decreased 16.1% to $1.2 million in 3Q19 ended Dec from $1.4 million in 3Q18.

Revenue and gross profit in 3Q19 increased by 29.4% and 15.5% to $2.8 million and $2.0 million respectively, mainly due to higher contribution from its content production services as Vividthree which delivered its first “Train to Busan Virtual Reality” (TTB VR) tour set in Beijing, China and recognition of the rights fees for its TTB VR tour set.

Vividthree lodges offer document for spinoff and listing after Monday’s restructuring deal

SINGAPORE (Aug 30): Vividthree Holdings (VVH), the visual effects studio 51% owned by mm2 Asia, on Wednesday lodged its preliminary offer document for the proposed spinoff and listing on the Catalist Board.

See: mm2 Asia posts 13.2% increase in 1Q earnings to $7.3 mil

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