Vista shares plunge 19% as 1H net profit falls 23%

Wed, 28 Aug 2019

By Jenny Ruth Aug. 29 (BusinessDesk) - Vista Group International’s first-half net profit fell 22.7 percent, owing to the demise of third-party movie ticket subscription service MoviePass, lower revenue from China, and adverse foreign exchange movements. The cinema software company says its operating earnings on a like-for-like bases rose 16 percent while revenue from core business was up 19 percent during an “intense period of product innovation in all Vista Group companies.” Net profit attributable to shareholders for the six months e...

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