Vividthree's Fiscal H2 Attributable Loss Halves as Revenue Soars 292%; Shares Up 4%

MT Newswires05-29

Vividthree Holdings (SGX:OMK) significantly narrowed its attributable loss for the second half of fiscal 2024 after revenue nearly quadrupled, thanks to higher digital and live experience production revenue, according to a Tuesday filing with the Singapore Exchange.

The visual effects company's loss attributable to equity holders was SG$1 million, or SG$0.0028 per share, compared with SG$2.1 million, or SG$0.0057 per share, a year earlier.

Revenue for the six months ended March 31 surged over 292% year over year to SG$4.2 million from SG$1.1 million, the filing said.

The company's shares climbed past 4% in recent Wednesday trade.

Price (SGD): S$0.03, Change: S$, Percent Change: +4.17%

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