StockMarketWire.com - Vianet said its first quarter started slowly, but noted its continued strong cash generation.

"The Group continues to make good operational progress across its business areas and in various geographic markets," it said, adding that 2013/14 may be another challenging year.

Vianet said there were good reasons to be optimistic on the medium to long term prospects for the Group's key areas of focus and, in the short term there is also the continued prospect of the loss-making areas moving past breakeven.

"The Board remains conscious of the uncertainty surrounding the Government's proposed Statutory Code for Pub Companies and the adverse impact the proposals for controlling beer flow monitoring contained within the Code might have on our business," it said.

"Our response to the consultation has been submitted, the Group's leadership team is now actively engaged with MPs and other stakeholders and is pleased to be receiving a good response at this stage. Whilst it is a very unwelcome distraction, we are optimistic that the reasoned, evidence-based strength of our argument will result in a positive outcome."






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