Australia's Veris slumps on lower FY24 revenue forecast

Veris

31/07/2024 04:18

** Shares of Veris  VRS.AX  fall as much as 14.9% to
A$0.040, their lowest level since October 2020
    ** Data advisory and consulting firm expects to report FY24
revenue of A$92.6 mln ($60.17 mln), down 8.2% on pcp
    ** Stock posts its biggest intraday pct fall since June 3
    ** VRS down 16.7% so far this month, on track for its worst
month in nearly four years
    ** Stock down about 30% this year, as of last close

($1 = 1.5389 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))