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
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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.
FY2016 revenue grew 32.7 per cent to A$421.9 million on the back of changes in product mix and project share.
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