AVJennings Reports 29% Increase in Settlements in Fiscal Q1

MT Newswires

2024/11/04

AVJennings (SGX:A05, ASX:AVJ) booked a 20% increase in settlements to SG$50.4 million in the fiscal first quarter ended Sept. 30, according to a filing with the Singapore Exchange on Monday.

The home builder signed off on 93 unconditional retail contracts worth SG$34.5 million, compared with 162 in the previous quarter.

The company did not report any new land acquisitions during the period.

The total number of work-in-progress lots under development decreased from 1,062 in June to 981 by the end of September while 125 lots commenced production during the period.

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