Vista annual earnings beat expectations, implements dividend policy for 2016

Thu, 25 Feb 2016

By Paul McBeth Feb. 26 (BusinessDesk) - Vista Group International, whose software technology manages cinema operations worldwide, beat its prospectus forecast for annual underlying profit as it doubled sales in the Americas, and signalled plans to start paying dividends in 2016. Adjusted profit, which excludes certain acquisition costs, rose to $9 million in calendar 2015 from a restated $8.2 million a year earlier, beating the $8.1 million forecast in its July 2014 prospectus, Auckland-based Vista said in a statement. Net profit fell t...

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