Aveo Shakes off Reputation Impact and Retains Guidance. FVE Falls to AUD 3.10
Aveo Group’s first-half fiscal 2018 result is the first major financial release since the firm’s reputation was tarnished by negative press on its business practices in late June 2017. At the time, Aveo was impacted by a sharp slowdown in sales as prospective residents reconsidered their decision to move into an Aveo retirement village or deferred their decision until they had undertaken additional research. According to management, the impact on sales was relatively short-lived, with retirement...
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