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- EXPECTED FY20 TO BE STRONGER THAN FY19, STATEMENT NO LONGER VALID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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