News: AOG Australia's Aveo receives takeover bid, flags fall in annual profit

June 24 (Reuters) - Australian aged-care operator Aveo Group (AOG) said on Monday it had received a confidential takeover offer and also flagged a slump in its full-year profit, citing subdued property market conditions.

Aveo said it now expects underlying profit for 2019 to be about A$50 million ($34.67 million). The company reported underlying profit of A$127.2 million in 2018.

($1 = 1.4424 Australian dollars)