Vista lifts 1H profit, expects 20% plus growth in annual earnings

Wed, 23 Aug 2017

By Sophie Boot Aug. 24 (BusinessDesk) - Vista Group International lifted first-half profit by 34 percent as recurring revenue rose and the cinema software firm continued with its international expansion. Net profit rose to $3.6 million in the six months ended June 30, from $2.7 million a year earlier, the Auckland-based company's accounts show. Earnings before interest, tax, depreciation and amortisation lifted 74 percent to $10.3 million on a 23 percent rise in revenue to $50.1 million. The company said the strong result "supports the...

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