AVJennings Limited announced that it expects for the second quarter ending June 30, 2012 to provide between AUD 32 million to AUD 37 million an after tax basis against the carrying value of its assets as at 30 June 2012. AVJ expects to make a post-tax operating profit before provisioning of around AUD 5.1 million for the year and after provisioning a net loss of AUD 27 million to AUD 32 million.