Vianet Group Reports Robust Growth and Dividend Reinstatement

Vianet Group plc (GB:VNET) has released an update.

Vianet Group plc has reported a robust first half of 2024, marked by a 7% rise in revenue and a return to profitability with a pre-tax profit of £0.018 million. The company’s strong cash generation and reduced net debt have allowed for the reinstatement of an interim dividend, reflecting confidence in sustained growth. With strategic advances in both the hospitality and unattended retail sectors, Vianet is poised for future success despite market challenges.

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