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Adam Lamond says Veris has taken a number of actions to increase margins and profitability.

Veris to cut costs

Veris has flagged operational and executive management changes following a review of the business, as the surveying services company seeks to reduce costs by around $3 million per annum.

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Veris (VRS)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Top 10 Shareholders

Source: Morningstar

Total Shareholder Return as at 28/06/19

1 year TSR5 year TSR
206thJoyce Corporation17%36%
243rdEuroz9%6%
257thSwick Mining Services7%-2%
816thVeris-80%-13%
731 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/06/19
$4k Bought
03/05/19
$70k Bought
16/04/19
$57k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

32nd↑Swick Mining Services$138.2m
33rd↑Veris$106.8m
35th↑Joyce Corporation$97.3m
36th↑Euroz$92.1m
198 listed industrial companies ranked by revenue.
Source: Morningstar

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