Investors cheer Vista's trimmed losses

Chief executive Kimbal Riley said moviegoing is back. (Image: supplied)

Fri, 27 Aug 2021

Vista Group International said it trimmed its first-half bottom-line loss with a lower-than-expected cash burn and that about 80% of cinemas around the world have reopened, despite the ongoing covid-19 pandemic.The cinema software company says the pipeline for blockbuster movies is "very solid" into 2022 and beyond.Vista reported a $2.6 million net loss for the six months ended June, down from the $43.2m net loss in the same six months last year.Investors reacted well to the news, Vista shares trading as high as $2.43, up 16 cents, or...

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