Vista first-half profit more than doubles as acquisitions lift revenue 49%

Thu, 25 Aug 2016

By Paul McBeth Aug. 26 (BusinessDesk) - Vista Group International more than doubled first-half profit as the cinema software developer's series of recent acquisitions bolstered revenue. Net profit rose to $2.7 million, or 3 cents per share, in the six months ended June 30, from $1.3 million, or 2 cents, a year earlier, the Auckland-based company said in a statement. Revenue climbed 49 percent to $40.7 million, which it said left it on track to boost annual sales by 20-to-30 percent, while earnings before interest, tax depreciation and am...

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