Vianet Grp Share News (VNET)

Vianet Grp Information

Buy VNET Shares
Add VNET to Watchlist
Add VNET to Alert

Share Price Information for Vianet Grp (VNET)

Share Price is delayed by 15 minutes

Get Live Data

Share Price: 111.00

Bid: 110.00

Ask: 112.00

Change: 0.00 (0.00%)

Spread: 2.00 (1.818%)

Open: 111.00

High: 111.00

Low: 111.00

Prev. Close: 111.00

Last checked at -

Vianet reports solid numbers for first half

Tue, 06th Dec 2016 12:03

(ShareCast News) - Real time monitoring systems, data management services and business intelligence provider Vianet Group announced its interim results for the six months to 30 September on Tuesday.The AIM-traded company reported revenue growth of 1.44% to £7.06m, which it said was principally due to Vending Division growth.Operating profit before amortisation, share based payments and exceptional items was up 7.2% to £1.64m, and profit before tax was up 8.65% at £1.13m.Basic earnings per share were up 12.1% at 3.42p, including a deferred tax adjustment charge of 1.21p.The firm's interim dividend was maintained at 1.70p, and at period end it had net cash of £1.98m, swinging from net debt of £2.32m."I am pleased to report that the group's focus on growth areas has delivered increased profits in our continuing business for this period," said chairman James Dickson."Against a modest improvement in the challenging backdrop to the UK pub sector, our strategy of focussing on newer products such as iDraught, coffee vending telemetry and contactless payment services has progressed well."We believe there is substantial scope to grow sales of these and other existing products and services as well as bringing new offerings to both the vending and leisure markets through enhanced technology."Dickson said that across the group cash flow was strong, underpinned by high levels of recurring revenue, which supported its investment in strategic insight and mobile application development.He explained that would be a key value driver going forward as the company continues to develop its 'Internet of Things' capability to provide greater value to customers. "The board remains confident that Vianet's long term strategy is appropriate and the group is capable of delivering consistent and sustained growth."

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

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

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

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

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.

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

9 Oct 2013 08:27

Vianet Cuts Profit Forecasts On Concerns Over UK Pub Rule Proposals

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

Latest Share Chat

Vianet Grp Share News (VNET)

Share Price Information for Vianet Grp (VNET)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Vianet reports solid numbers for first half

Login to your account

Quickpicks are a member only feature

Login to your account