Veris Limited ( (AU:VRS) ) has issued an update.
Veris Limited reported a 3% decrease in revenue to $46.8 million for the half-year ended December 2024. Despite the revenue dip, the company achieved a significant increase in profitability, with EBIT up by 117% and profit before income tax up by 212%. The profit margin improved from 0.7% to 2.1%, and earnings per share rose by 233%. No dividends were declared during the period, and the net tangible asset backing per share decreased. This performance underscores the company’s enhanced operational efficiency and strategic focus on digital transformation services for its clients.
More about Veris Limited
Veris Limited, listed on the ASX under the code VRS, is a fully integrated digital advisory and consulting firm providing spatial data and digital solutions. It serves tier-1 clients across various industry sectors such as Transport, Buildings & Property, Energy & Resources, Defence, Utilities, and Government, with a comprehensive service offering that spans spatial data collection, hosting, sharing, analytics, and advisory services. The company operates nationally in Australia, catering to both metropolitan and regional centers.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €14.54M
For detailed information about VRS stock, go to TipRanks’ Stock Analysis page.