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Vianet says trading in line with expectations

By BFN News | 09:11 AM | Thursday 30 June, 2016


Vianet (VNET) said chairman James Dickson will provide the following trading update at today's meeting: "Trading across our continuing operations in the first two months of the current year is in line with expectations and is noticeably ahead of the comparable period last year with all business areas progressing well. "Vending Solutions, in particular with its coffee vending telemetry systems and contactless payment solutions, has continued to make good progress and is demonstrating solid growth. "This comes as part of the group's continued development of its Internet of Things capability, which aims to provide increased value to its customers through both strategic insight and, importantly, actionable data. "The group believes this will be a significant driver of growth for Vianet in the coming years. "The board is confident of the medium and long term prospects of the group and this is reflected in its decision to recommend maintaining the final dividend at 4p per share. "Whilst the economic uncertainty and exchange rate volatility resulting from Brexit is generally unhelpful, the group's continuing progress to date, leads us to look forward positively to the remainder of the year and beyond, and the Board remains confident of delivering value to its shareholders." At 9:11am: (LON:VNET) Vianet PLC share price was 0p at 93p Story provided by StockMarketWire.com

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