Veris Reported over A$125m in revenue last financial year (FY2018/19), up from $106m as Elton Consulting began contributing to the full year post its acquisition in 2018, coupled with organic revenue growth in the Surveying division.
Long Term Revenue targetted:
Veris secured work on long term East Coast projects such as Melbourne Metro, Westgate Tunnel, North Connex, Inland Rail, M4 Smart motorway project, Sydney Metro, West Connect and Eaton Range Realignment project.
Operational Review Complete:
Operational review of the Veris Australia business conducted during the year, with final phase completed in June 2019. These reviews are expected to remove ~A$3m of annualised expense from the business, which will contribute to higher margins.