AVJennings (ASX:AVJ) now expects full fiscal year revenue to be below fiscal year 2024, according to a Monday Australian bourse filing.
The company cited prolonged market recovery in Victoria, as well as sustained wet weather in Queensland, for additional pressures.
Gross margin for the fiscal year ending June 30, on the other hand, is expected to be in line with the prior year, boosted by improvements in certain markets.
The company said it has slowed development on some projects to meet the scheme implementation it entered last month for the sale of all its shares.
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