Ann: HALFYR: VGL: Preliminary Half Year Result

• Release Date: 21/08/14 12:07
• Summary: HALFYR: VGL: Preliminary Half Year Result
• Price Sensitive: No
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					VGL
21/08/2014 12:07
HALFYR

REL: 1207 HRS Vista Group International Limited

HALFYR: VGL: Preliminary Half Year Result

The following information is released in accordance with the NZX Listing
Rules. This information relates to Vista Group International Limited
(previously named VSource Investments Limited and InVista Holdings Limited)
for the six months to 30 June 2014. Vista Group International Limited ("Vista
Group") lodged a prospectus on 3 July 2014 and listed on the NZX and ASX on
11 August 2014.
It should be noted that in both the six month periods, the Vista Group's
reporting entities were different to the corporate entity that was presented
in the prospectus and listed on 11 August 2014.
In the reporting period, the Vista Group comprised only Vista Entertainment
Solutions Limited, Book My Show Ltd and MACCS International BV (25.1% from 1
April 2014) with Virtual Concepts Limited (trading as Movio) and Numero
Limited being reported as associate companies. This is different to the group
entity described in the prospectus, due to the increased shareholdings in
MACCS International BV (increased to 50.1%) and Movio (increased to 100%).
The results for the interim trading period show an improvement in revenue
over 2013 of $4.2m. When comparing this with the same business as the
comparative period (adjusted to exclude MACCS which was not invested in until
February 2014) the revenue has increased by $2.7m. Trading profit has reduced
due to increased costs in the period leading up to the listing of Vista
Group.
In both 2012 and 2013 the weighting of revenue and profit was greater in the
second half of the year. This was due to the timing of large projects. We
expect the trend in 2014 to be similar.
This interim result is consistent with the Prospective Financial Information
in the Prospectus dated 3 July 2014.

Brian Cadzow - Director
End CA:00254194 For:VGL    Type:HALFYR     Time:2014-08-21 12:07:29