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Afarak concludes sale of sawmill equipment

By BFN News | 09:15 AM | Thursday 27 July, 2017


Afarak Group has concluded the sale of all the remaining sawmill equipment acquired by the company in 2008. It said: "The latest and final sale of equipment amounting to €900,000 was concluded towards the end of 2016 and the final payment of €700,000 was received in Q2/2017. "This receivable has triggered the release of a provision of €619,488. "As a result, this transaction will positively affect Q2 profit for the period by €1,519,488." At 9:15am: (LON:AFRK) Afarak Group share price was 0p at 77.5p Story provided by StockMarketWire.com

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