VEEM Limited (ASX:VEE) achieves 70% Profit Growth in FY24 Amid Booming Marine and Defence Demand - Kalkine

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VEEM Limited (ASX:VEE) achieves 70% Profit Growth in FY24 Amid Booming Marine and Defence Demand - Kalkine

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Highlights

  • VEEM's share price surged 155.46% in the past year.
  • FY24 net profit after tax increased by 70% YoY, with record revenue growth of 35% YoY.
  • VEEM expects further growth in FY25, with international demand for propellers and defence projects driving revenue.

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