30th Jun 2016 08:05
LONDON (Alliance News) - Vianet Group PLC on Thursday said trading in the first two months of its current financial year has been in line with its expectations.
The company, which makes monitoring systems for the leisure and vending sectors, said all business areas have shown good progress and trading is in line, with revenue improvements across the board.
Chairman James Dickson, in a statement to the company's annual general meeting, said the group has seen good growth in its coffee vending telemetry and contactless payment services and is focusing on growing its exposure to the Internet of Things connected devices segment, which should prove a driver of growth in coming year for Vianet.
"Whilst the economic uncertainty and exchange rate volatility resulting from Brexit is generally unhelpful, the group's continuing progress to date, leads us to look forward positively to the remainder of the year and beyond, and the board remains confident of delivering value to its shareholders," he said.
Vianet shares were untraded on Thursday, having last traded at 94.92 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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