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- Vmoto (VMT) has estimated its net profit after tax (NPAT) to be between $1 million – $1.3 million for the 2019 financial year
- The global scooter manufacturer and distributor attributes this to the strong ongoing demand for its electric two-wheel vehicles
- The company received a high level of interest since launching its products at the EICMA international motorcycle exhibition in Milan
- Vmoto expects international sales will continue and hopes to establish its position as a leading electric two-wheel vehicle company
- Vmoto is up 6 per cent and shares are trading for 26.5 cents each
Vmoto (VMT) has estimated its net profit after tax (NPAT) to be between $1 million – $1.3 million for the 2019 financial year.
The global scooter manufacturer and distributor has come to this expectation due to the ongoing strong demand for its electric two-wheel vehicles.
The company specialises in high quality “green” two-wheel vehicles and makes a range of western designed electric scooters from its low-cost facilities in Nanjing, China.
Last month, Vmoto launched and showcased its new products: CPx and VS1, as well as new versions of existing models TSX, TC, TC-Max and CUX at the 2019 EICMA international motorcycle exhibition in Milan.
Its vehicle products were very well received and this has resulted in the company getting a high level of enquiries and sales leads from potential distributors, partners and customers.
The new CPx electric vehicle will target the business-to-customer (B2C) sector and will be distributed internationally by Vmoto through its distribution channels in over 40 countries.
E-Max VS1 is specifically designed for use in delivery operations and will be targeting commercial customers such as food and parcel delivery companies.
The EV scooter company expects to continue to increase international sales and establish its position as a leading electric two-wheel vehicle manufacturer and distributor in international markets.
Vmoto is up 6 per cent and shares are trading for 26.5 cents each at 11:47 am AEDT.
