Vista posts 20% rise in 1H18 revenue

Company News

by Anna Napoli

Vista Group (ASX:VGL) has reported a 37 per cent lift in operating profit to $11 million for the first half of 2018.

The cinema management company’s total revenue lifted almost 20 per cent on the prior corresponding period to $60 million.

Its earnings (EBITDA) increased 27 per cent on the same time last year, to $13 million.

The company declared an interim dividend of 1.6 cents per share which is a 33 per cent higher than the previous interim dividend.

Vista says the strong first half was boosted by key new business in 2 new territories, with the signing of Aeon in Japan and Pathe France.

Shares in Vista (ASX:VGL) closed flat at $3.70 yesterday.


 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.