VEEM Ltd

ASX:VEE

VEEM Ltd

ASX:VEE
TradeAdd trade order Follow Unfollow Set Price Alert
$1.110 (+3.3%)
Last close price
#86
Rank
6
Held by
19
Followers
TradeAdd trade order Follow Unfollow Set Price Alert
Reports (3) My Report Forum Investors
Top member reports
Consensus
wonkeydonkey
Company Report
Last edited 9 months ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#152
Performance (42m)
-3.0% pa
Followed by
9
Follow Unfollow
Straws
Sort by:
Recent
Content is delayed by one month. Upgrade your membership to unlock all content. Click for membership options.
Become a member
#1HFY24
stale
wonkeydonkey
Added 9 months ago
View author's company report

Busy morning of results....

• VEEM’s revenue for the half-year was $37.5m up 37% on 1HFY23 with total activity (Sales + change in WIP) for 1HFY24 of $39.7m.

• EBITDA and NPAT were $6.9m and $3.5m, up 65% and 92% respectively on 1HFY23.

• Cashflow from operations was $4.4m, up 203% on 1HFY23.

• EPS of 2.58 cents per share, up 92% on the prior period.

• Gyro sales for the half-year were $5.0m, up 200% with orders in hand of $9.2m.

• Agreement signed with Sharrow Engineering for the exclusive worldwide licence to manufacture and sell Sharrow-designed propellers for inboard vessels.