IN BRIEF: Vianet shares up as guides rise in annual revenue, profit
2nd May 2023 12:39
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." Read More