Vianet Grp Share News (VNET)

Vianet quarterly turnover grows; secures payment solution contract

(Alliance News) - Vianet Group PLC on Thursday gave an update on its first quarter trading, and said it has secured a multi-year contract with a UK-based car wash company.

Vianet recurring revenues, adjusted underlying earnings rise in FY24

(Sharecast News) - Business intelligence provider Vianet Group said on Thursday that recurring revenues and adjusted underlying earnings had improved in the year ended 31 March, with progress within the unattended retail and hospitality divisions being "particularly strong".

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".

UK earnings, trading statements calendar - next 7 days

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:

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.

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.

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.

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:

UK earnings, trading statements calendar - next 7 days

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.

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."

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.

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.