Third quarter performance across the Group was impacted by several external factors. In the first part of the quarter,
the severe bushfire conditions experienced in large parts of Australia impacted project delivery due to restricted
access to project sites and resultant staff safety concerns, directly contributing to a reduced level of chargeable
client hours leading to a decline in revenue. A number of regions across Australia and key markets in which Veris
operates were then subject to extreme weather events including cyclones, heavy rainfall and hailstorms, further
impacting project productivity and resulting revenue.
"In the first part of the quarter", if this was known (should have been immediately obvious) and is being used as part of the results explanation/excuse, shouldn't all this have been disclosed at the time, not months later, to meet VRS continuous obligations?
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- Ann: Veris Quarter 3 FY2020 Update
Ann: Veris Quarter 3 FY2020 Update, page-6
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