Aveo’s Potential Takeover Overshadows Soft 1H Result. FVE Falls 9% to AUD 2.10
Aveo reported first-half fiscal 2019 underlying profit of AUD 12 million compared with AUD 36 million in the previous corresponding period, or pcp. Development was the major detractor, with earnings falling by AUD 10 million and profits booked from the divestment of noncore assets falling AUD 20 million.In many respects, the first-half 2019 financial result is a mere side-show, overshadowed by a potential part or even full sale of the business being progressed by Aveo’s investment bankers. Indi...
Aveo Group is engaged in the development for resale of land and residential, retail, commercial and industrial property, the investment in, and management of, income producing retail, commercial and industrial Property, commercial, industrial and residential building and construction for the Group, and funds and asset management. As of June 30, 2016, Co. operated in two segments: Retirement, which develops and operates retirement villages and aged care facilities to produce rental and other income; and Non-retirement, which develops residential, commercial and retail property.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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