AVJ 4.84% 32.5¢ avjennings limited

News: AVJ Avjennings Updates On COVID-19 Impact

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    May 22 (Reuters) - Avjennings Ltd (AVJ) :

    • EXPECTED FY20 TO BE STRONGER THAN FY19, STATEMENT NO LONGER VALID
    • MOST STAFF HAVE AGREED TO MOVE TO A FOUR DAY WEEK
    • UPDATE ON COVID-19 IMPACT
    • "SENIOR EXECUTIVES HAVE ALSO AGREED TO INITIATIVES THAT WILL HELP TO IMPROVE CASH AND PROFIT OUTCOMES"
    • BOARD OF DIRECTORS HAVE ALSO AGREED TO REDUCE THEIR FEES
    • BOTH SALES AND ENQUIRY LEVELS BELOW LEVELS ANTICIPATED BUT ABOVE SHORT-TERM EXPECTATIONS
    • NET CONTRACT SIGNINGS IN FEBRUARY, MARCH AND APRIL WERE 100, 57 AND 51 RESPECTIVELY
    • NET CONTRACT SIGNINGS IN MAY TRACKING BROADLY IN LINE WITH APRIL
 
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