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Immersive: VR Education’s virtual reality simulation of the sinking of the Titanic is a learning tool

Immersive: VR Education’s virtual reality simulation of the sinking of the Titanic is a learning tool

Immersive: VR Education’s virtual reality simulation of the sinking of the Titanic is a learning tool

Waterford's VR Education reported a sharp drop in pre-tax losses and a hike in sales for the first-half of 2019.

The stock market listed virtual-reality production company made a pre-tax loss of €1.2m for the six months to the end of June, in line with management expectations.

Losses fell as VR Education's commercial roll-out picked up. Sales rose to just under €500,000 in the first six months of 2019 - compared to €300,000 in the same period last year.

VR's products are used in schools, universities, and training courses.

CEO David Whelan said Brexit is forcing the business to look beyond the UK market to expansion in the US and Asia.

Shares in VR Education were flat at €0.10 each yesterday.

Irish Independent