The completion of various new projects led to a significant increase in 2016 revenue for UK-based attractions development company Paragon Entertainment.
These included Hamleys Prague, Land of the Lions at London Zoo, The Rolling Stones Exhibitionism at the Saatchi Gallery, Centre for Life at Newcastle, Ninja at Portsmouth Boathouse, Drayton - Thomas the Tank Engine and Chatham Dockyard Interactives.
Revenue increased by 22 per cent to £5.5m, EBITDA increased to £0.3m, representing a margin of 5.1 per cent.
“I remain satisfied with Paragon’s solid progress which is both a reflection of the hard work of the team and is also a clear indication that we have now turned the corner,” said Mark Taylor, executive chairman.
“We remain confident about the outlook for the rest of the year. The current uncertainty in global markets and the UK economy is a concern but we are cautiously optimistic for 2017 and we are preparing for steady and sustainable growth.
