Australia's Veris surges on profit turnaround forecast for full-year

Veris

24/06/2025 03:51

** Shares of Veris VRS.AX rise as much as 18% to A$0.059, set to gain most since Dec. 19

** Stock hits highest level since March 3

** Consulting firm says FY25 unaudited net profit before tax expected to be the A$1.8 million to A$2.0 million range

** This is a turnaround from statutory loss before tax of A$4.4 million a year ago

** Expected turnaround due to improved performance, restructuring efforts - co

** Nearly 2 million shares change hands, compared with the 30-day average volume of 189,857

** Stock currently up 14%, bringing YTD gains to 2%

 (Reporting by Adwitiya Srivastava in Bengaluru)

 ((Adwitiya.Srivastava@thomsonreuters.com))