VEEM Ltd

ASX:VEE

VEEM Ltd

ASX:VEE
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$1.810 (-1.9%)
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#104
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6
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20
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wonkeydonkey
Company Report
Last edited 2 months ago
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#1HFY24
wonkeydonkey
Added 2 months ago
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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.