UK's Vianet Group swings to full-year profit

Vianet

13/06/2023 08:39

** Shares of cloud-based provider of business intelligence,
Vianet Group  VNET.L  up 1.8% at 86 pence
    ** Co reports pre-tax profit of 450,0000 pounds ($5.66
million) compared to a pre-tax loss of 170,000 pounds in the
previous year 
    ** Also reports FY revenue of 14.11 mln pounds, compared to
12.56 mln pounds in the previous year
    ** Co believes sales and profits will continue to grow
despite global semi-conductor supply chain issues and
uncertainty from the conflict in Ukraine 
    ** VNET shares up 23.2% YTD

($1 = 0.7956 pounds)
    

 (Reporting by Tanya Jain)
 ((Tanya.Jain@thomsonreuters.com))