Veris Annual Report to Shareholders 2018

Veris has released its 2018 Annual Report to shareholders to the ASX.

This Annual Report is a summary of Veris Limited’s operations, activities and financial position as at 30 June 2018.

Highlights include:

  • EBITDA from continuing operations $11.2m, up 96%
  • Surveying EBITDA up 27%
  • Significant acquisition of Elton – foundation for Veris Professional and Advisory Pillar
  • Elton Consulting contributed EBITDA of $1.1m at a run rate of 20% in its first quarter
  • Net profit after tax before amortisation from continuing operations $1.8m
  • Strong organic growth achieved
  • Cash at bank $5.6m
  • Integration of eight surveying businesses into one surveying entity completed
  • Third consecutive fully franked dividend of 0.5 cents per share