VEEM has today released an update on its results for the half-year to 31 December 2020 with the highlights as follows:
- 36% increase in revenue to $28.4 million on previous corresponding period (“PCP”)
- EBITDA up 111% to $5.7 million on the PCP (includes JobKeeper of $1.5 million)
- Net profit after tax of $3.0 million – 233% increase on PCP
- Revenue increase includes gyrostabilizer sales of $3.6 million – up 33% from the six months to 30 June 2020 and 73% on PCP, continuing strong upward trend since 2018
