No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Vianet Group said in an update on Tuesday that first-quarter trading in FY27 was ahead of management expectations, with group revenue up 3.1% year on year and recurring revenue 5.8% higher, representing about 88% of turnover.
The AIM-traded company said both its Hospitality and Unattended Retail divisions delivered recurring revenue and gross profit growth, with 640 additional cashless devices connected and 21 new multi-year contract wins secured in Unattended Retail.
Chairman James Dickson said Vianet had entered FY27 "with good momentum across the Group", supported by improved operational leverage, high recurring revenue and a strengthened net cash position of 0.7m at 30 June.
The company said shareholders would vote at the AGM on a 2.00p final dividend, taking the FY26 total dividend to 2.40p, up 84.6% year on year.
At 0958 BST, shares in Vianet Group were up 6.06% at 70p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.