Brief: Avjennings Ltd Posts FY Profit Attributable A$13.1 Million

Avjennings

18/08/2022 02:18

Aug 18 (Reuters) - Avjennings Ltd  AVJ.AX :
    * FY PROFIT ATTRIBUTABLE A$13.1 MILLION VERSUS A$18.7
MILLION
    * DECLARES FINAL DIVIDEND OF 0.67 AU CENTS PER SHARE
    * FY REVENUES A$222.8 MILLION VERSUS A$311.1 MILLION
    * DESPITE RECENT INCREASES IN AUSTRALIAN AND NZ CASH RATES
WE HAVE
NOT SEEN ANY SETTLEMENTS DEFAULT
    * SALES PRICING REMAINS STEADY AND CO HAS NOT SEEN
REDUCTIONS IN
HOUSE VALUES
    * "HIGH RENTS DUE TO VIRTUALLY LITTLE OR NO INVESTMENT STOCK
HAS
ALSO FURTHER SHIFTED BUY VERSUS RENT EQUATION TOWARDS BUY
OPTION"

Source text for Eikon:  ID:nASX195r0y 
Further company coverage:  AVJ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))