Take that Stockland; Aevum announces profits of $28.6m

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Aevum has announced $28.6m profits for the 2010 financial year. The profit announcement provides futher ammunition in Aevum’s bid to repel Stockland’s low ball takevoer offer. The new figures represent an upswing of 25% from the 2008-9 financial year when Aevum posted a $12.2 million loss. During 09/10, Aevum’s average sales price increased 2% and they sold 240 ILU’s, representing a 76% increase in turnover from the previous year.

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