NZ's Vista group hits 4-week high on hiked FY22 rev guidance

Vista International

29/12/2022 22:39

** Shares of Vista Group International Ltd  VGL.NZ  rise as
much as 6.1% to NZ$1.56, hit highest level since Dec. 2
    ** Stock to see best day since July 2022, if gains hold
    ** Co updates revenue guidance for FY22 to between NZ$131
mln-NZ$135 mln ($85.62 mln-$83.08 mln) compared to previous
forecast of NZ$123 mln - NZ$128 mln
    ** Says guidance updated as a result of good recurring and
non-recurring revenue performance, favourable foreign exchange
movements, among others
    ** Co adds it signed trade agreement with key customer
Cineworld Group, under which Cineworld would pay certain
pre-chapter 11 amounts owing to Vista Group
    ** Stock has fallen 38.5% this year, as of last close 
($1 = 1.5768 New Zealand dollars)
 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))