Vianet alert as profits look short
Saturday 23 February 2013
The company which claims to be able to measure the perfect pint left investors in need of a stiff drink yesterday after a profit warning sent its shares slumping 16 per cent.
Vianet, whose beer monitoring technology is used in one in three British pubs, blamed pub sell-offs and contract delays as it braced the City for disappointing profits. The shares skidded 19p lower to 97.5p.
Vianet expects operating profits of £3.2m for the year to 31 March, well below the previous year's £3.9m.
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