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VMT - VMOTO LIMITED


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VMoto has continued to ramp up its international growth strategy and expects to achieve net profit after tax (NPAT) of between $7.5 million and $7.8 million for FY21 (subject to completion and independent audit), which is a significant increase on FY20 NPAT of $3.7 million and will be the largest net profit ever achieved in the history of VMoto.
 
During FY21, Vmoto achieved a number of key operational and commercial milestones, which included:

  • Record expected NPAT for year ended 31 December 2021, the highest since the establishment of VMoto
  • In excess of 30,000 units sold in FY21, a significant increase on the 23,547 units sold in FY20 
  • Positive operational cash flows for FY21
  • Strong cash position with no bank debt as at 31 December 2021
  • Additional international B2C distributors secured, bringing the total to 58 across 62 countries
  • Strong growth across B2B operations, leveraging the increased popularity of last mile delivery and ride sharing services
  • Launch of the new Vmoto premium brand and associated products

Now 47c, up 10% but from a low base. Company seems to be slowly repairing itself from years of underperformance. And I wonder where the moat is?

 

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