George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

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: 111.50
Bid: 109.00
Ask: 114.00
Change: 0.00 (0.00%)
Spread: 5.00 (4.587%)
Open: 111.50
High: 111.50
Low: 111.50
Prev. Close: 111.50
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 Profit Falls On Administrative Expenses; Scraps Final Dividend

Tue, 02nd Jun 2020 11:02

(Alliance News) - Vianet Group PLC reported a lower annual profit due to expenses and withdrew its final dividend but did note that it comfortably beat its revised forecasts in April.

Shares in Vianet were up 11% at 91.75 pence in London in morning trading.

The internet-of-things monitoring platform posted a GBP2.4 million pretax profit for its year ended March 31, down 11% from GP2.7 million the year before.

While revenue was 3.8% higher at GBP16.3 million compared to GBP15.7 million the year before, total administrative expenses rose to GP8.6 million from GBP7.9 million which resulted in a loss.

Vianet opted to withdraw its final dividend recommendation as a result of Covid-19, meaning the total dividend per share fell to only 1.7p from 5.7p.

Chair James Dickson said: "From the very outset of the pandemic, our goal has been to preserve cash to ensure both business continuity and to enable ongoing investment in the business, with the aim of being strongly positioned for the Covid-19 exit phase. Whilst these are still early days, we are encouraged that April's trading performance was well ahead of our revised forecasts, and that the measures we have taken to protect the business have been successful, giving us confidence that we are well positioned to exit from the Covid-19 phase with momentum to accelerate our growth plans."

By Anna Farley; annafarley@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
12 Dec 2023 11:55

Vianet predicts further growth as loss widens but revenue stable

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

Read more
5 Dec 2023 15:41

UK earnings, trading statements calendar - next 7 days

Wednesday 6 December 
Schroder European Real Estate Investment Trust PLCFull Year Results
System1 Group PLCHalf Year Results
Thursday 7 December 
Balfour Beatty PLCTrading Statement
DS Smith PLCHalf Year Results
Frasers Group PLCHalf Year Results
Future PLCFull Year Results
Watches of Switzerland Group PLCHalf Year Results
Friday 8 December 
Berkeley Group Holdings PLCHalf Year Results
Monday 11 December 
Begbies Traynor Group PLCHalf Year Results
Tuesday 12 December 
Chemring Group PLCFull Year Results
FRP Advisory Group PLCHalf Year Results
Gelion PLCFull Year Results
RWS Holdings PLCFull Year Results
Sosandar PLCHalf Year Results
Vianet Group PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
7 Nov 2023 17:47

TRADING: Zambeef sees profit above market views; Luceco trades in line

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
6 Nov 2023 14:58

IN BRIEF: Vianet Non-Executive Stella Panu buys 100,000 shares

Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - Non-Executive Director Stella Panu buys 100,000 shares at 69.05 pence each, worth GBP69,050, in London on Friday. Panu is now interested in 175,000 shares, a 0.59% stake.

Read more
1 Nov 2023 15:01

IN BRIEF: Vianet says trading as expected as swallows Beverage Metrics

Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - Provides trading update ahead of release of half-year results on December 12, saying gross margins and earnings are in line with management expectations. Will report pretax loss of GBP171,000 for the six months that ended September 30, widened from GBP106,000 a year before, on flat revenue of GBP7.2 million. Notes the recent loss includes a GBP200,000 investment into Beverage Metrics Inc. Otherwise, Vianet would have a GBP29,000 interim profit. Vianet bought the Colorado-based food-and-drink industry technology provider back in May, with GBP577,500 in initial consideration paid in new Vianet shares. Vianet notes that Beverage Metrics remains loss-making, but it has "fast-tracked" Vianet's hospitality product roadmap and bolstered its presence in the US. Vianet also on Wednesday notes it received a refund of GBP924,774 from UK tax collector HMRC, boosting its cash position.

Read more
1 Nov 2023 11:37

Vianet reaps benefits of 'strong recurring revenues' in H1

(Sharecast News) - Data management firm Vianet Group said on Wednesday that it had started to reap the benefits of its "strong recurring revenues" and "healthy gross margins" in the six months ended 30 September.

Read more
5 Sep 2023 13:59

EARNINGS AND TRADING: Michelmersh Brick and Brickability trade in line

(Alliance News) - The following is a round-up of earning and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
13 Jun 2023 10:49

Vianet swings to annual profit; reinstates dividend policy

(Alliance News) - Vianet Group PLC on Tuesday said in the year ended March 31, it swung to a profit amid sales growth and reinstated its dividend policy.

Read more
6 Jun 2023 15:47

UK earnings, trading statements calendar - next 7 days

Wednesday 7 June 
Edinburgh Worldwide Investment Trust PLCHalf Year Results
discoverIE Group PLCFull Year Results
Evgen Pharma PLCFull Year Results
LXi REIT PLCFull Year Results
Ramsdens Holdings PLCHalf Year Results
Residential Secure Income PLCHalf Year Results
Vp PLCFull Year Results
Thursday 8 June 
Crest Nicholson Holdings PLCHalf Year Results
FirstGroup PLCHalf Year Results
Idox PLCHalf Year Results
M&G PLCTrading Statement
Mitie Group PLCFull Year Results
RWS Holdings PLCHalf Year Results
Schroder Real Estate Investment Trust LtdFull Year Results
Wizz Air Holdings PLCFull Year Results
Friday 9 June 
Industrials REIT LtdFull Year Results
Renalytix PLCQ3 Results
Monday 12 June 
no events scheduled 
Tuesday 13 June 
Ashtead Group PLCFull Year Results
Atrato Onsite Energy PLCHalf Year Results
Bellway PLCTrading Statement
BP Marsh & Partners PLCFull Year Results
CMC Markets PLCFull Year Results
Driver Group PLCHalf Year Results
Iomart Group PLCFull Year Results
Mind Gym PLCHalf Year Results
Oxford Instruments PLCFull Year Results
Schroders Capital Global Innovation Trust PLCFull Year Results
Tatton Asset Management PLCFull Year Results
Vianet Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
15 May 2023 11:52

Vianet paves way into US market through trade and assets acquisition

(Alliance News) - Vianet Group PLC on Monday said it has acquired the trade and assets of Colorado-based food and drink industry technology provider, Beverage Metrics Inc.

Read more
2 May 2023 12:39

IN BRIEF: Vianet shares up as guides rise in annual revenue, profit

Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - Expects revenue for financial year that ended March 31 to be over GBP14.0 million, up 7% from GBP13.2 million in financial 2022. Expects operating profit to increase by 30% to GBP3.1 million ahead of expectations, up from GBP2.4 million the year before. Says contract renewals and new contract wins are encouraging. Chair James Dickson says: "Despite facing challenging economic conditions and global supply chain pressures, I am delighted that a strong team performance has resulted in the group making significant progress on several key projects and initiatives and on delivering good financial results."

Read more
2 May 2023 12:22

Vianet set to top profit expectations for 2023 financial year

(Sharecast News) - Internet of things (IoT)-focussed data and information specialist Vianet Group said in an update on Tuesday that it expects full-year turnover for the 2023 financial year to increase by 7% to more than £14m.

Read more
21 Mar 2023 14:55

IN BRIEF: Vianet partners with Vendekin for new mobile payment answer

Vianet Group PLC - Stockton-on-Tees, England-based provider of retail sales and volume monitoring systems - Partners with vending machine supplier Vendekin Technologies Ltd to introduce a mobile checkout experience for unattended retail in the UK. Says it also has plans for expansion into other parts of Europe over time. Vianet notes that the new mobile payment solution will transform the customer experience and drive growth for operators.

Read more
6 Dec 2022 17:11

TRADING UPDATES: Securities Trust of Scotland outperforms benchmark

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
6 Dec 2022 16:03

Vianet on track after first-half growth

(Sharecast News) - Hospitality, vending and asset management cloud specialist Vianet reported first-half revenue of £7.18m on Tuesday, up from £6.34m year-on-year.

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.