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Revenue surge fuels 19% rise in AVJennings' full-year profit

Earnings hit A$40.9m as revenue goes up by almost one-third to A$421.9m


A SURGE in revenue pushed Australian residential property developer AVJennings' net profit 19 per cent up to A$40.9 million (S$42 million) for the full year ended June 30 (FY2016). This represents earnings per share of 10.71 Australian cents, up from FY2015's 9.03.