Fluid monitoring systems supplier Vianet says that underlying operating profit will be around £3m in the year to March 2014.
The final dividend will be maintained at 4p a share, leaving the total for the year at 5.7p a share.
The pubs market remains tough because of the uncertainty about the Government’s proposed code for pub companies. The consultation continues.
The vending telemetry division continues to grow its profit and there is the prospect of a large order during this financial year. The fuel solutions division has cut its cost base and won higher margin business and this has helped it return to profitability, although it still lost money in the year as a whole.
The full year figures will be published on 10 June and next year will benefit from further cost reductions.
At 80.5p a share, Vianet is valued at £21.7m.
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