Tag: ASX: VEE
VEEM reports record financial results for FY24: NPAT soars by 70% to $7M
VEEM, a prominent designer and manufacturer of high-technology marine propulsion and stabilisation systems, has announced record financial results for the year ending 30 June 2024.
VEEM’s partnership with Sharrow advances with successful propeller testing
VEEM Limited, known for its advanced marine propulsion and stabilisation systems, has achieved a notable milestone in its partnership with Sharrow Engineering, LLC, confirming the successful fulfilment of contractual requirements to progress to the next phase of their Technology Collaboration Agreement after thorough testing.
VEEM secures new Singapore shipbuilding client, to supply gyrostabilisers for vessels
Australian marine systems manufacturer VEEM Limited has executed an agreement with Singapore-based Strategic Marine for the latter to employ small and medium size VEEM gyrostabilisers exclusively on the vessels it builds.
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Responding to manufacturing demand and performance signals
Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.
