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Vianet sees H2 trading broadly in line with views

By BFN News | 07:44 AM | Monday 31 March, 2014


Vianet Group said H2 trading is expected to be broadly in line with the board's expectations and, as a result, FY pre-exceptional operating profits will be about £3.0m, as previously indicated. The strength of Vianet's recurring income and prospects for 2014/5 gave the board confidence in maintaining the proposed final dividend at 4p, which would give a total dividend for the year of 5.7p. Vianet is a provider of real time monitoring systems and data management services for the leisure, vending, and forecourt services sectors. "Against a background of ongoing uncertainty around the Government's proposed Statutory Code for pub companies and ongoing pub closures, trading remains challenging for the Group's core beer flow monitoring operations," the company said. "However, the board remains hopeful of a satisfactory outcome from the Statutory Code consultation process although it continues to exercise caution as the timing and content of such an announcement remain unclear." It said good progress had been achieved in Vending Telemetry and the second half saw continued growth in profits. The Board believes that the prospects for this business remain excellent, particularly with telemetry solutions for the coffee vending market. The Group's existing orders in this market segment are being installed successfully and ahead of plan and we remain positive of securing a significant new business win in the first half of 2014/5. The Group's Fuel Solutions Division has also made good progress during the period as it benefitted from a reduced cost base and higher margin activity, achieving reduced losses compared with the prior period and is now trading profitably. Story provided by StockMarketWire.com

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