19th Oct 2015 07:37
LONDON (Alliance News) - Vianet Group PLC on Monday said trading in the first half to the end of September has been in line with its expectations, with good progress made across its operations.
The company, which provides monitoring systems and data management services for the leisure, vending and forecourt services industries, said its trading has been improved year-on-year, with growth in line with its expectations in the half to September 30.
Vianet said progress has been made across its operations, notwithstanding the continued pressure it has faced from the pub sector. It expects investments in the business, including vending telemetry, which allows operators of vending machines to oversee their operations, to underpin its return to growth.
It also said it intends to pay an interim dividend of 1.7 pence per share, flat year-on-year.
"Whilst trading in the pub sector remains challenging, we have continued to make good commercial progress across the business by delivering highly relevant customer solutions where data insights and actionable data drive strong returns for our customers," said James Dickson, Vianet's chairman.
Shares in Vianet were up 2.3% to 99.75 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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