16th Oct 2018 10:42
LONDON (Alliance News) - Shares in Vianet Group PLC rose on Tuesday as the company said first-half trading was ahead on a year-on-year basis and operating profit growth remained "in line" with market expectations.
Vianet shares were up 8% at 110.70 pence each on the back of the news.
The company, which develops data-gathering devices, added that it intends to maintain its interim dividend, in respect of the six months to September 30, at 1.7 pence per share.
The company's Smart Machines division is expected to deliver a "strong year-on-year" increase in the number of connected devices deployed.
The Smart Zones unit's contribution to the first-half was described by the company as "satisfactory".
"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," the company explained.
Vianet will publish its interim results on December 4.
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