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VRS - Veris News Story

A$0.07 0.0  0.0%

Last Trade - 3:35am

Sector
Industrials
Size
Micro Cap
Market Cap £15.8m
Enterprise Value £33.6m
Revenue £52.1m
Position in Universe 1371st / 1896

BUZZ-Australia's Veris hits 21-month high on communications upgrade contract with Bunnings

Tue 15th December, 2020 2:12am
** Shares of Veris Ltd  VRS.AX  rise as much as 10.7% to
A$0.083, their highest since March 2019
    ** Infrastructure services provider's unit Aqura
Technologies signs https://bit.ly/2KrupIk a three-year agreement
with hardware chain Bunnings, with a further two-year extension
option
    ** Agreement to upgrade communications platforms for
Bunnings stores across the country
    ** VRS says agreement expected to generate about A$1.9 mln
($1.43 mln) revenue for Aqura over the initial three-year term
    ** Stock marks its biggest intraday pct rise since Nov. 20
    ** About 2.3 mln shares change hands, compared with the
30-day average of more than 400,000 shares
    ** Stock had risen more than a quarter this year, as of last
close on Friday

($1 = 1.3277 Australian dollars)

 (Reporting by Sameer Manekar in Bengaluru)
 ((Sameer.Manekar@thomsonreuters.com;))
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