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The latest update is out from Veem Ltd ( (AU:VEE) ).
Veem Ltd reported a 10% decrease in revenue from ordinary activities, totaling AUD 35,559,000, and a 71% decline in net profit to AUD 1,018,000 for the period ending December 31, 2024, compared to the previous year. Despite the financial downturn, the company declared an unfranked interim dividend of AUD 312,270, representing approximately 30% of the net profit after tax for the half-year, showcasing a commitment to returning value to shareholders amidst challenging market conditions.
More about Veem Ltd
Veem Ltd is a company that operates in the manufacturing industry, primarily producing and supplying precision engineering products. The company’s market focus includes sectors such as marine, aerospace, defense, and industrial markets.
YTD Price Performance: -29.75%
Average Trading Volume: 126,064
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$115.4M
For an in-depth examination of VEE stock, go to TipRanks’ Stock Analysis page.
