Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Vista Group International signs major Chinese supply deal

Vista Group International signs major Chinese supply deal

By Paul McBeth

Oct. 2 (BusinessDesk) - Vista Group International, the cinema software and analytics company, has signed a supply agreement with an unidentified cinema chain in China, which will see its software installed across more than 200 sites in the world's most populous nation.

The details of the deal are commercially sensitive, and revenue derived from the new client form part of Vista's prospectus forecast when it lodged its offer document in July, it said in a statement. The Auckland-based company expects annual revenue of $49.9 million in calendar 2014, rising to $61.5 million in the 2015 financial year.

"The signing of the deal is significant for Vista and strategic in terms of the Chinese market," director finance and legal Brian Cadzow said.

Vista listed on the NZX in August after raising $92 million in an initial public offer, of which $40 million was new capital to fund its plans for global growth. Within that new capital, Vista earmarked about $15.4 million for new acquisitions and developments, targeting emerging markets such as Brazil, Russia, China and Indonesia.

The shares last traded at $2.95, up from the $2.35 IPO price.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Mycoplasma Bovis: More Properties Positive

One of the latest infected properties is in the Hastings district, the other three are within a farming enterprise in Winton. The suspect property is near Ashburton. More>>


Manawatū Gorge Alternative: More Work Needed To Choose Route

“We are currently working closely and in partnership with local councils and other stakeholders to make the right long-term decision. It’s vital we have strong support on the new route as it will represent a very significant long-term investment and it will need to serve the region and the country for decades to come.” More>>


RBNZ: Super Fund Chief To Be New Reserve Bank Governor

Adrian Orr has been appointed as Reserve Bank Governor effective from 27 March 2018, Finance Minister Grant Robertson says. More>>


ScoopPro: Helping PR Professionals Get More Out Of Scoop has been a fixture of New Zealand’s news and Public Relations infrastructure for over 18 years. However, without the financial assistance of those using Scoop in a professional context in key sectors such as Public Relations and media, Scoop will not be able to continue this service... More>>

Insurance: 2017 Worst Year On Record For Weather-Related Losses

The Insurance Council of New Zealand (ICNZ) announced today that 2017 has been the most expensive year on record for weather-related losses, with a total insured-losses value of more than $242 million. More>>