Veris Limited (AU:VRS) has released an update.
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Veris Limited’s FY24 financial results show a strategic shift towards digital, with a 7.9% revenue decrease due to external factors and a focus on larger, high-margin projects. The company’s digital strategy has advanced, increasing digital revenue to 17% and growing gross profit margins. Despite a statutory loss, Veris retains a solid balance sheet with $16.1m in cash, signaling a positive outlook for future digital service demand.
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