VRS 0.00% 4.9¢ veris limited

Ann: FY23 Unaudited Financial Guidance, page-3

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  1. 1,210 Posts.
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    That's an incredibly disappointing result. We did over $100 million revenue and can't budget to make a reasonable profit ($5 million minimum) for shareholders on that amount of completed work. The company obviously doesn't set targets to ensure shareholders start to get a return after years of waiting. The excuses offered such as catch up of leave after covid, and seasonal preference for leave simply shows a lack of forward planning. My father used to say 'excuses are for losers, son'. The Board needs to come out and say how it is going to substantially turn the bottom line around with steps it will implement to do this, so that shareholders get a sniff of reward for hanging in over the last 4 to 5 years. The six month profit is $0.3 million which is a backward step from the $0.8 million of the first half. I feel gutted again.
 
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