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IN BRIEF: VR Education Outlook Confident As Revenue Up In First Half

Thu, 10th Sep 2020 14:39

VR Education Holdings PLC - virtual reality technology company - Revenue increases by 37% to EUR681,000 in the six months to the end of June compared to EUR497,000 a year ago. Pretax loss of EUR1.1 million versus EUR1.2 million the year before. Administrative expenses increased slightly to EUR1.6 million form EUR1.5 million year-on-year. "2020 has been a catalyst for increasing interest and uptake of VR to enable companies and employees to continue to interact," said Chief Executive David Whelan. "VR Education's outlook and forecast for the future is brighter than ever and I look forward to updating shareholders on our progress in due course."

Current stock price: 13.00 pence

Year-to-date change: up 73%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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