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Veem says unaudited FY17 normalised profit before tax is A$6.14 mln

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  1. July 17 (Reuters) - Veem Ltd (VEE) :

    • Unaudited fy17 normalised profit before tax is A$6.14 million, compared to prospectus forecast of A$5.86 million
    • Expected to record a statutory net profit after tax in line with prospectus forecast of A$4.01 million.
    • Company also expects to maintain its dividend policy as set out in prospectus of a pay-out ratio of 30% of NPAT for fy17
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