Business
Aventus Group (ASX:AVN) share price flat despite 43% increase in profits
The Aventus Group (ASX: AVN) share price is relatively flat today. This comes after the largest owner, manager, and developer of larger format retail centres in Australia report its half results for FY21.
At the time of writing, the Aventus share price is trading at $2.82, up 0.71%.
Let’s take a closer look at the announcement and why the share price is flat.
Why the Aventus share price isn’t moving on today’s results?
It appears that people got out and about during the last half. Foot traffic to Aventus’ centres was 8% above pre-covid levels. This traffic wasn’t just window shopping either. The company maintained its cash collections of 98% from its retailer tenants.
With 63 leases negotiated during the period,…
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