Vianet Group PLC Trading Update and Notice of Interim Results (5516C)

TIDMVNET

RNS Number : 5516C

Vianet Group PLC

19 October 2015

 
 Press Release   19 October 2015 
 

Vianet Group plc

("Vianet", the "Company" or the "Group")

Trading Update

and Notice of Interim Results

Vianet Group plc (AIM:VNET), the leading provider of real time monitoring systems and data management services for the leisure, vending, and forecourt services sectors, today provides the following trading update ahead of the Group's results for the half year ended 30 September 2015, which will be released on Tuesday, 8 December 2015.

Trading for the first half of the current financial year was ahead of the same period last year achieving good growth in line with the Board's expectations. Against that background the Board intends to declare a maintained interim dividend of 1.7 pence per share.

Encouraging commercial and operational progress has been made across the Group's businesses, notwithstanding the continued pressure on trading in the pub sector, with the focused approach to exploiting growth opportunities, such as in vending telemetry, set to underpin the Group's return to growth.

James Dickson, Chairman, commented: "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. Given the Group's encouraging prospects and cognisant of providing a superior yield for our shareholders, the Board intends to declare a maintained interim dividend of 1.7 pence per share."

An audio cast of the interim results presentation given by Stewart Darling (Chief Executive), Mark Foster (Chief Finance Officer) and James Dickson (Chairman), will be released at 07.00hrs on Tuesday, 8 December 2015 on the Group's website www.vianetplc.com with the link also being distributed by Abchurch Communications.

- Ends -

Enquiries:

 
 Vianet Group plc 
 James Dickson, Chairman       Tel: [phone] 
 [e-mail]           www.vianetplc.com 
 
 
 Cenkos Securities plc 
 Stephen Keys / Mark Connelly   Tel: [phone] 
                                           www.cenkos.com 
 

Media enquiries:

 
 Abchurch Communications 
 Quincy Allan / James Burman   Tel: [phone] 
  [e-mail]       www.abchurch-group.com 
 

About Vianet

The Vianet Group is focused on the provision of real time monitoring systems, data management solutions and associated products for the leisure, vending and petrol forecourt sectors. Since its Admission to AiM in 2006, the Group has grown from its core Brulines beer monitoring business both organically and through strategic acquisitions to widen its offering to pub and bar retailers with its industry leading product iDraught as well as developing new businesses in vending telemetry, gaming machine data and petrol forecourt services.

Headquartered in Stockton-on-Tees, Vianet employs more than 230 people. For further information, please visit www.vianetplc.com

This information is provided by RNS

The company news service from the London Stock Exchange

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October 19, 2015 02:00 ET (06:00 GMT)