Vista pauses China purchase as virus shuts cinemas

Thu, 27 Feb 2020

Vista Group International has "paused" the planned purchase of an additional stake in Vista China until the impact of the coronavirus crisis becomes clearer.The cinema software company announced the freeze on the deal at the same time as announcing its annual net profit fell 1.5 percent with revenue growth of 11 percent. That was in the middle of guidance that was downgraded in August from 20 percent previously.Net profit for calendar 2019 came in at $12.8 million from $13 million in 2018 while revenue rose to $144.5 million from $130.7 million...

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