StockMarketWire.com - The Vitec Group has posted an H1 pretax profit of £12.0m, from £14.9m. Revenue was £155.9m, from £152.9m. Interim dividend was 9.5p, from 9.3p. It said the results were in line with its expectations.

Highlights:

â— Benefits from new products, acquisitions and IMT disposal offset by anticipated headwind from FX and non-repeat of Sochi Winter Olympics and FIFA World Cup

â— Growth in revenue and operating profit at constant exchange rates excluding prior year impact of large events

â— Broadcast Division performing satisfactorily in variable market conditions. Sales of higher technology products growing well and offsetting lower large camera supports sales

â— Photographic Division outperforming a challenging market which is showing signs of stabilisation

â— Net debt reflects Paralinx acquisition and Teradek earnout payment.






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