Business
Replacement RNS: Final Results
Replacement RNS: Final Results.
About this update from Vianet Group Plc
[{"type":"text","content":"\n\n13 June 2023\nVianet Group plc\n \n(\"Vianet\", \"Company\" or \"the Group\")\n \nFinal Results (unaudited)\n \nA year of gathering momentum with strong prospects\n \nDividend reinstated\n \nThe following amendments have been made to the \"Final Results (unaudited)\" announcement released on 13 June 2023 at 07:00 under RNS No 4616C.\n \n· The Record Date for the dividend has been amended from Thursday, 14 September 2023 to Friday, 15 September 2023\n· In the cash flow statement the net interest payable has been amended from £230,000 to £206,000 and the repayments of borrowings has been amended from £756,000 to £992,000\n· Note 6 to the accounts supporting the statement of cashflows ahs been amended to reflect the above state changes.\n \nAll other details remain unchanged.\n \nThe full amended text is shown below.\n------------------------------------------------------------------------------------------------\n \nVianet Group plc (AIM: VNET), the international provider of actionable data and business insight through devices connected to its Internet of Things platform (\"IOT\"), is pleased to announce its unaudited results for the year ended 31 March 2023 and a reinstated proposed final dividend of 0.5p per share.\n \nFinancial highlights\n \n· Revenue increased 6.7% to £14.11m (FY2022: £13.22m);\n· Recurring revenues remained strong at 89% (FY2022: 88%) increasing by £1.19m to £12.56m;\n· Gross margin increased slightly to c. 66% (FY2022: c.65%);\n· Adjusted operating profit, pre-exceptional costs, amortisation, and share-based payments of £3.11m, an increase of 31% (FY2022: £2.36m);\n· Profit before tax £0.45m (FY2022: £0.17m loss);\n· Basic earnings per share 0.56p (FY2022: 0.65p) net of £0.29m tax charge vs FY2022 credit of £0.36m;\n· Net cash generation pre-working capital £4.45m (FY2022: £2.74m), including accrued tax rebate of £0.92m;\n· Normalised profit to cash conversion was 102.8% of EBITDA; and\n· Dividend policy reinstated, with proposed final dividend of 0.5p per share.\n \nDivisional & Operational h...