04-08-2015, 08:25 AM
http://infopub.sgx.com/Apps?A=COW_CorpAn...idance.pdf
Profit Guidance Update
The Directors of AVJennings Limited (ASX: AVJ) are pleased to announce that following a
strong finish to the year ended 30 June 2015, it is now expected that profit before tax
will be $47 million or higher. Directors previously advised a profit before tax in the order
of $40 million or higher. The expected result was impacted by adverse weather in New
South Wales in the second half, however, a number of material stages of projects were
able to be completed in the month of June that were originally assessed as likely to be
completed after year end. Whilst assessment of the asset carrying values as at
30 June 2015 is continuing and has not been finalised, further material adjustments are
not expected.
Directors remain confident of strong residential market conditions continuing and look
forward to providing more commentary on this when the final results for the year ended
30 June 2015 are released. This is anticipated to be around Thursday, 20 August 2015.
Profit Guidance Update
The Directors of AVJennings Limited (ASX: AVJ) are pleased to announce that following a
strong finish to the year ended 30 June 2015, it is now expected that profit before tax
will be $47 million or higher. Directors previously advised a profit before tax in the order
of $40 million or higher. The expected result was impacted by adverse weather in New
South Wales in the second half, however, a number of material stages of projects were
able to be completed in the month of June that were originally assessed as likely to be
completed after year end. Whilst assessment of the asset carrying values as at
30 June 2015 is continuing and has not been finalised, further material adjustments are
not expected.
Directors remain confident of strong residential market conditions continuing and look
forward to providing more commentary on this when the final results for the year ended
30 June 2015 are released. This is anticipated to be around Thursday, 20 August 2015.