Search
Mark Miocevich says he's pleased with Veem's performance in its first year as a public company. Photo: Attila Csaszar

Veem to meet profit, dividend targets

Canning Vale-based Veem says it will meet its forecast net profit target of $4 million when it reveals its first full-year results as a listed company.

The marine technology company said today that statutory net profit after tax for FY17 would come in line with its prospectus forecast of $4 million, while normalised profit before tax would be $6.1 million, up from its forecast of $5.8 million.

Operating revenue was down from its forecast of $46.7 million to $38.1 million. However, the company has also offset overrun costs associated with its initial public offering, which closed late last year.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.

Add your comment

VEEM (VEE)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/06/17

1 year TSR5 year TSR
thVEEM0%0%
711 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

217th-VEEM$0
230 listed industrial companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer