May 22 (Reuters) - Avjennings Ltd AVJ.AX :
* EXPECTED FY20 TO BE STRONGER THAN FY19, STATEMENT NO LONGER VALID
* MOST STAFF HAVE AGREED TO MOVE TO A FOUR DAY WEEK
* UPDATE ON COVID-19 IMPACT
* "SENIOR EXECUTIVES HAVE ALSO AGREED TO INITIATIVES THAT WILL HELP TO IMPROVE CASH AND PROFIT OUTCOMES"
* BOARD OF DIRECTORS HAVE ALSO AGREED TO REDUCE THEIR FEES
* BOTH SALES AND ENQUIRY LEVELS BELOW LEVELS ANTICIPATED BUT ABOVE SHORT-TERM EXPECTATIONS
* NET CONTRACT SIGNINGS IN FEBRUARY, MARCH AND APRIL WERE 100, 57 AND 51 RESPECTIVELY
* NET CONTRACT SIGNINGS IN MAY TRACKING BROADLY IN LINE WITH APRIL