Acumentis Group: Recovers from COVID-19 rough patch
- Property valuation company Acumentis Group (ACU) has reported its strongest quarterly revenues since late 2019’s affected period
- The company’s revenues dipped in May due to COVID-19, but began to recover in June 2020
- Then the company expects that demand for its services will boosted by local and federal government stimulus measures
- Now, Acumentis well-positioned to capitalise on increasing valuation activity, property debt refinancing, and historically low interest rates
- As of June 30, 2020, the company had $1.8 million in cash, and an unused overdraft facility of $1.2 million
- Acumentis Group shares are steady today, trading for 10.5 cents
