Avjennings Limited (AU:AVJ) has released an update.
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AVJennings Limited reports a strong Q3 FY24 with a 31% increase in contract signings and a 72% YTD value increase compared to the previous corresponding period. The company’s new manufacturing facility is set to drive efficiency and quality in housing production, supported by a $30 million expansion of their debt facility to fuel growth initiatives. Despite a decline in settlement volumes, the average settlement value rose significantly, indicating a shift towards higher-value built-form housing.
For further insights into AU:AVJ stock, check out TipRanks’ Stock Analysis page.
