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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 £14.0 million, up 7% from £13.2 million in financial 2022. Expects operating profit to increase by 30% to £3.1 million ahead of expectations, up from £2.4 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.’
In October, Vianet reported pretax loss of £107,000 in the six months ended September 30, narrowed from a loss of £363,000 the previous year. Revenue from continuing operations jumped to £7.2 million from £6.3 million.
Current stock price: 73.50 pence each, up 5.0% on Tuesday afternoon in London
12-month change: down 18%
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