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The 15th annual Rising Stars awards were held at Beaumonde On the Point last night. Photo: Ryan Ammon

Veris tops Rising Stars

Perth-based ASX-listed company Veris outshone a quality field to be named the overall winner at the 2018 Business News Rising Stars awards held last night. 

Established in 2003 as contractor Ocean to Outback Electrical, Veris has been particularly industrious during the past four years, making nine acquisitions, undertaking a rebrand and diversifying its offerings into surveying, professional advisory and geospatial services.

This transformation appears to be paying off, with Veris’s revenue up 47 per cent to $46 million in its half-year results to December 2017. 

Veris also won the Rising Stars large business and professional services categories. 

Now in their 15th year, the Rising Stars awards recognise the achievements of the state’s fastest growing private companies.

Entrants were judged across a number of criteria, including revenue, staff growth, not-for-profit involvement, and diversity. 

Organisations also needed to present a solid growth strategy to become a Rising Stars finalist. 

Other businesses shortlisted for the top prize this year were co-working incubator Spacecubed and software company Docmosis

The remaining category winners were: social enterprise Greenbatch, which converts plastic into 3D printer filament; crane rental agency Cranecorp Australia; design firm SPH architecture + interiors; the Wanneroo Basketball Association; Buurabalayji Thalanyji Aboriginal Corporation; and Vanguard Performing Arts, which also received the 2018 People’s Choice Award. 

The first winner of Rising Stars in 2003 was advertising agency Gatecrasher, while past winners have included IT groups Datacom and Empired, as well as engineering firm Calibre Global.

Wearable technologies company Nuheara was named the overall winner for 2017. 

You can read more about Veris and the other winners’ stories online this afternoon and in our next print edition that comes out Monday July 2.

2018 Rising Stars Category Winners

Startup: Greenbatch

Micro-Business: Docmosis

Small Business: Spacecubed

Medium Business: Cranecorp Australia

Family Business: Vanguard Performing Arts

Indigenous Business: Buurabalayji Thalanyji Aboriginal Corporation

Not-for-profit Business: Wanneroo Basketball Association

Diversity award: SPH architecture + interiors

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Veris (VRS)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/18

1 year TSR5 year TSR
247thVeris29%20%
443rdJoyce Corporation-2%41%
608thSwick Mining Services-29%-4%
737 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

07/09/18
$185k Bought
15/09/17
$3k Issued
15/09/17
$27k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

36th↑Swick Mining Services$138.2m
37th↑Veris$106.8m
39th↓Quintis$97.4m
40th↑Joyce Corporation$97.3m
237 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Veris

121stBrian Mangano$648k
522ndLisa Wynne$228k
790thAdam Lamond$127k
Ranked by total remuneration from all listed WA companies

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