Avjennings Limited (DE:GJQ) has released an update.
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AVJennings Limited reported significant growth in Q3 FY24, with a 31% increase in contract signings, and year-to-date signings up by 59%, accumulating a sales value of $192 million, a 72% rise compared to the previous corresponding period. The average settlement value surged by 54% due to a shift towards built-form housing, despite a 28% drop in settlement volumes. The company’s expansion continues with the upcoming completion of the Pro9 Australian manufacturing facility and a $30 million increase in their debt facility to support growth.
For further insights into DE:GJQ stock, check out TipRanks’ Stock Analysis page.
