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Vianet to hold dividend steady despite earnings rise

By BFN News | 07:41 AM | Tuesday 16 October, 2018


Internet of Things services company Vianet Group said it expected to keep its interim dividend flat, as its first-half earnings grew in line with expectations. The company said its smart machines division had delivered a strong on-year increase in the number of connected devices deployed. 'We have made particularly good progress with the integration of Vendman, the company said. The smart zones performance, meanwhile, was 'satisfactory', it added. 'This performance was achieved despite delays due to Pubco corporate activity and our managed compliance service being held back by the UK beer supply chain being adversely impacted by the Europe wide shortage of CO2 gas over the summer months,' it said. Story provided by StockMarketWire.com

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