AVJenning is well Placed with Strong Balance Sheet Amid COVID-19 Crisis

  • May 22, 2020 AEST
  • Team Kalkine

ASX-listed leading community and real estate developer, AVJenning  Limited (ASX:AVJ) disclosed the impact of the COVID-19 pandemic and the measures that the Company has taken in response to this turmoil.

AVJenning revealed that it has entered the COVID-19 crisis well placed, with a robust balance sheet, decent liquidity and sufficient funding capacity for the medium term.

However, AVJ notified that the increasing COVID-19 crisis, including restrictions on the physical movements in Australia and New Zealand, witnessed markets become challenging, and they remain so.

The Company mentioned that conditions will improve, its strong balance sheet and contracts in hand, collectively with the actions taken to lessen expenditure, leave the Company well-placed to pass through this period.



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