Brief: Avjennings Posts FY Profit Attributable Of A$21.3 Million

Avjennings

21/08/2023 02:34

Aug 21 (Reuters) - Avjennings Ltd  AVJ.AX :
    * FY PROFIT ATTRIBUTABLE A$21.3 MILLION, UP 62.6%
    * FY REVENUES A$274.3 MILLION VERSUS A$222.8 MILLION
    * EXPECT MUTED SALES LEVELS TO CONTINUE UNTIL THERE IS
GREATER
CERTAINTY IN INTEREST RATE CYCLE AND INFLATION MODERATION
    * EXPECT AN INCREASE IN CONSUMER CONFIDENCE TO TRANSLATE
THROUGH
TO INCREASED DEMAND ONCE THE MACROECONOMIC ENVIRONMENT
STABILISES
    * ENQUIRY LEVELS CONSISTENT WITH LONGER-TERM LEVELS WITH
GREEN
SHOOTS OF CUSTOMER DEMAND BEGINNING TO APPEAR

Source text for Eikon:  ID:nASXMhr15 
Further company coverage:  AVJ.AX 

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