The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVianet Grp Share News (VNET)

Share Price Information for Vianet Grp (VNET)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 117.50
Bid: 115.00
Ask: 120.00
Change: 0.00 (0.00%)
Spread: 5.00 (4.348%)
Open: 117.50
High: 117.50
Low: 117.50
Prev. Close: 117.50
VNET Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Vianet predicts further growth as loss widens but revenue stable

Tue, 12th Dec 2023 11:55

(Alliance News) - Vianet Group PLC on Tuesday said its loss widened in its latest half year, although revenue remained stable "despite challenging market conditions".

The Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems reported a GBP171,000 pretax loss for the six months that ended on September 30, compared with a GBP107,000 loss the year before.

Vianet said revenue rose slightly but remained broadly unchanged year on year at GBP7.2 million. Recurring revenue "remained strong" at 87%, up from 86%.

Thanks to that recurring revenue growth, as well as operational cost management, Vianet's "very healthy" gross margin increased to 69% from 64% . Adjusted operating profit - excluding exceptional costs, amortisation, interest and share-based payments - rose 7.4% to GBP1.3 million from GBP1.2 million.

"We are pleased to report that despite a challenging economic environment, the group has performed in line with management's expectations, achieving year-on-year growth in key performance indicators," Vianet commented.

Vianet did not declare an interim dividend, but expects to pay a final dividend for the current year in October 2024. It previously declared a 0.5 pence per share final payout in October this year.

Going forward, Vianet believes it is "very much on track" to meet its profit expectations for the full year. Additionally, it said it is optimistic it can continue to deliver sustainable growth.

Shares in Vianet were trading 0.6% lower at 78.50p each on Tuesday in London.

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
10 Jun 2014 13:27

Vianet reports drop in profit, but looks ahead with greater confidence

Vianet Group on Tuesday reported a drop in pre-tax profit for the year ended March 31st, which it blamed in part on pub closures and uncertainty over the statutory code for pub companies. The firm, which is a real-time monitoring systems and data management provider to the services sectors reporte

Read more
10 Jun 2014 11:08

Vianet Group's Full-Year Profit Hit By New Pub Laws

LONDON (Alliance News) - Vianet Group PLC Tuesday reported a fall in pretax profit and revenue for the full-year, as uncertainty surrounding a new statutory code for pub tenants took its toll, coupled with withdrawing from "lower margin work." The company, which designs and develops fluid m

Read more
31 Mar 2014 12:47

Vianet To Maintain Final Dividend, Hopeful On Government Pub Review

LONDON (Alliance News) - Vianet Group PLC Monday confirmed plans to maintain its final dividend at 4 pence for the full-year ended Monday, as trading in the second-half was broadly in line with expectations. Vianet expects to post a full-year pre-exceptional operating profit of GBP3.0 milli

Read more
19 Feb 2014 16:43

CORRECT: DIRECTOR DEALINGS: Vianet Chairman Buys 39,000 Shares

(Correcting price shares were purchased at) LONDON (Alliance News) - Vianet Group PLC Wednesday said Chairman James Dickson bought 39,000 shares at a price of 69.25 pence per share. Following this transaction, Dickson holds 4.4 million shares, which represents 15.79% stake in the firm

Read more
19 Feb 2014 16:01

DIRECTOR DEALINGS: Vianet Chairman Buys 39,000 Shares

LONDON (Alliance News) - Vianet Group PLC Wednesday said Chairman James Dickson bought 39,000 shares at a price of 60.25 pence per share. Following this transaction, Dickson holds 4.4 million shares, which represents 15.79% stake in the firm. The stock was trading at 69.44 pence up 2.

Read more
9 Oct 2013 09:22

Vianet warns of shrinking full-year profit

Real-time monitoring systems provider Vianet said it expects full-year operating profit to fall below last year's level after a slowdown in spending from UK pubs. The group, whose beer monitoring technology is used in one in three British pubs and claims to be able to measure the perfect pint, sai

Read more
9 Oct 2013 08:27

Vianet Cuts Profit Forecasts On Concerns Over UK Pub Rule Proposals

Read more
22 Feb 2013 08:25

Vianet Group shares plunge as trading misses expectations

Vianet Group shares plunged Friday after the real time monitoring systems provider announced half-year trading fell short of management expectations. Shares tumbled over 20% on Friday morning as the group said its results for the six months to March 31st this year missed targets. The company, wh

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.