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VEEM: Provides operational update | Fintech InShorts: Latest fintech news, analysis by experts

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VEEM: Provides operational update

By Steve Sam

May 15, 2020

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

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