Manchester-headquartered ‘immersive entertainment firm’ Immotion Group has announced a move into profitability.
In a statement, the listed firm reports unaudited results which include a “small” profit in May of this year, followed by “substantial” profit in June, referencing its unaudited results.
The group said its profit was the result of growth in its ‘Location Based Entertainment’ (LBE) sites, which combine VR and moving rides to create virtual experiences at existing locations and attractions.
Immotion Group plc (LON:IMMO) bring together thrilling and educational content with state-of-the-art technology to ignite visitor interest, drive ancillary revenues and fuel visitor numbers; utilizing a compact footprint with no upfront CAPEX.