Nov 6 (Reuters) - Aveng Ltd AEGJ.J :
* UPDATE ON BUSINESS PERFORMANCE
* BUSINESS CONTINUES TO TRADE PROFITABLY, IN LINE WITH MANAGEMENT EXPECTATIONS AND HAS MET ITS BUDGET FOR Q1 OF FINANCIAL YEAR
* GROUP HAS EXPERIENCED DELAYS IN COMPLETING PREVIOUSLY ANNOUNCED TRANSACTIONS
* DISCUSSIONS WITH POTENTIAL BUYERS FOR REMAINING NON-CORE BUSINESSES OF AVENG TRIDENT STEEL AND AVENG ACS ARE CONTINUING.
* MCCONNELL DOWELL HAS BEEN AWARDED NEW ORDERS TO VALUE OF AUD 535 MILLION SINCE 30 JUNE 2019
* EXPECTS TO HAVE FINALISED DISPOSAL OF ALL NON-CORE BUSINESSES DURING COURSE OF CURRENT FINANCIAL YEAR.
* PROCEEDS FROM DISPOSAL OF NON- CORE ASSETS EXPECTED TO CONTRIBUTE TO IMPROVE QUALITY OF BALANCE SHEET