Vista Group signs deal with largest cinema group in Africa

Company News

by David Chau

Vista Group International Limited (ASX:VGL) and Movio Limited (Movio) have signed a deal to provide their cinema industry software to Ster-Kinekor, the largest cinema chain in Africa.
 
Ster-Kinekor has 66 licensed sites and 480 large-scale screens across South Africa, Namibia, Zambia and Zimbabwe.
 
Vista Group says that this is a significant sale, and expects their software to be installed at all of Ster-Kinekor’s sites by late 2016.
 
The company also expects this deal to boost its market share to 60% in Africa and the Middle East.
 
Vista Group reported a net profit of $5.76 million at 31 December 2015.

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