Drinks and vending tech specialist Vianet has returned to pre-tax profit and is now trading at pre-pandemic levels, its boss says.
New results for the Stockton firm show revenue increased 6.7% to £14.1m as pre-tax profit of £450,000 was reported, compared with a £170,000 loss last year. Across its bar management systems business, Smart Zones, Vianet said new new contract wins contributed to its recovery.
In its Smart Machines division - which supplies contactless and telemetry-enabled vending - around 11,000 new devices were added to its portfolio, despite, Vianet said, the vending sector being distracted with planning related to the UK-wide 3G switch-off. That meant divisional operating profit increased 10.4% to £2.01m.
