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