An update from Vmoto Limited ( (AU:VMT) ) is now available.
Vmoto Limited announced that its FY24 net profit after tax (NPAT) exceeded its earnings guidance, but the company does not consider this variance to be material. Despite the higher-than-expected results, the market showed minimal reaction, indicating that stakeholders did not view the results as significantly impactful. The company faced uncertainties due to high operating costs in Europe and Thailand, delayed payments from Dutch customers, and inventory issues, which were resolved by late February 2025. Vmoto maintains compliance with ASX listing rules and believes the variance was not material enough to affect its share price significantly.
More about Vmoto Limited
Vmoto Limited operates in the electric vehicle industry, focusing on the production and distribution of electric scooters and motorcycles. The company has a significant market presence in Europe and Asia, with subsidiaries in Thailand and a customer base in the Netherlands.
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €25.13M
Learn more about VMT stock on TipRanks’ Stock Analysis page.