VEEM: Provides operational update
- Marine stabiliser manufacturing company VEEM has provided shareholders with an operations update
- In the early days of the COVID-19 pandemic, VEEM implemented enhanced hygiene measures and eliminated travel and other unnecessary exposures
- The company did this while maintaining full capacity at its Canning Vale facilities
- A COVID-19 response team also hired to provide ongoing cleaning and temperature checks, and maintain social distancing at its facilities
- As a result of revenue decreasing compared to last year, VEEM is eligible to access the Government’s JobKeeper Scheme
- The company also received some milestone payments in advance on its defence projects
