Vianet Group plc (GB:VNET) has released an update.
Vianet Group plc has reported a successful fiscal year with revenues up by 7.6% and a significant increase in adjusted EBITA by 11.6%, surpassing market expectations. The company confirmed a 50% higher dividend than the previous year and highlighted a strong start to the new financial year, with a focus on continued growth in its Smart Machines and Smart Zones divisions. Vianet has also reduced its net debt by over half and increased year-end cash reserves substantially.
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