VEEM Ltd

ASX:VEE

VEEM Ltd

ASX:VEE
TradeAdd trade order Follow Unfollow Set Price Alert
$1.280 (+3.2%)
Last close price
#180
Rank
5
Held by
20
Followers
TradeAdd trade order Follow Unfollow Set Price Alert
Reports (3) My Report Forum Investors
Top member reports
Consensus
wonkeydonkey
Company Report
Last edited 10 months ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#136
Performance (43m)
0.1% 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 10 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.