This was probably as good an announcement that could be expected I.e. Revenue in-line wi th expectations and a cost out which equates to around 2ppt next year. I think from memory the exit margin from the last half was 5 or 6% so this could see FY20 margins of 7-8% and most likely on similar or may even be higher revenue given the thematics. Any type of profitably ebitda growth will be well received by the market. Overall, not too bad.
News: VRS Veris Says Restructure Of Various Australian Business To Cut Of About $3 Mln Annually, page-4
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Mkt cap ! $26.09M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 612765 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 102040 | 1 |
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| VRS (ASX) Chart |
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