Vianet Group: Finals Add-up

Vianet Group (AIM: VNET) 85p mkt Cap £24m reported finals for the March 2022 year-end.  The 58% increase in revenue to £13.8m is still 19% short of pre-pandemic levels but it nearly broke-even compared to losses of £2.82m. At the adjusted level before deducting exceptionals etc the profit was £2.4m which is pre-pandemic levels.

Vnet’s has two divisions the longer established Smart Zones provides real time actionable data by connecting data capture terminals to an Internet of Things platform (IOT).  These telemetric services are primarily for the hospitality sector and have  ...

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