Avjennings Limited (AU:AVJ) has released an update.
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AVJennings Limited reported a 29% increase in settlements to $50.4 million for Q1 FY25, with a notable shift towards land settlements contributing to the growth. Despite challenging market conditions, the company signed 93 unconditional contracts valued at $34.5 million and continues to see potential in the Pro9 JV for efficient construction and addressing housing shortages. The company maintains a strong financial position and is exploring capital partnerships while pursuing a board refresh.
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