CATALIST-LISTED Vividthree Holdings posted net profit of S$1.5 million for the fourth quarter ended March 31, more than 20 times the S$60,000 figure for the year-ago period, in its results release on Monday evening.The latest figures took full-year net profit to S$3.3 million, up 20 per cent from S$2.7 million the year before, in Vividthree's first full-year results since listing on Catalist in September 2018.
The virtual reality, visual effects and computer-generated imagery production studio said it will stay focused on strengthening its presence in Asia. Following the completion of a Beijing leg, its flagship Train To Busan VR tour will travel to another province in China, Xiamen, where Vividthree has granted a local promoter one-year exclusive territorial rights. A sequel is also planned for 2020, and the group is in negotiations to take the VR tour to other parts of the world.
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