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Afarak Group — Regulatory Filings 2017
Jul 27, 2017
3302_rns_2017-07-27_b5f6ea69-4bfd-497d-a358-b99fa4327195.html
Regulatory Filings
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AFARAK GROUP: SALE OF SAW MILL EQUIPMENT EFFECTS Q2 PROFIT FOR THE PERIOD
AFARAK GROUP: SALE OF SAW MILL EQUIPMENT EFFECTS Q2 PROFIT FOR THE PERIOD
07:00 London, 09:00 Helsinki, 27 July 2017 - Afarak Group Plc ("Afarak" or "the
Company") (LSE: AFRK, NASDAQ: AFAGR)
AFARAK GROUP: SALE OF SAW MILL EQUIPMENT EFFECTS Q2 PROFIT FOR THE PERIOD
Afarak Group has concluded the sale of all the remaining sawmill equipment
acquired by the Company in 2008. Following the announcements in 2015 and 2016,
Afarak Group has concluded the sale of the remaining parts of the equipment in
Q2 of 2017.
The latest and final sale of equipment amounting to EUR 900,000 was concluded
towards the end of 2016 and the final payment of EUR 700,000 was received in
Q2/2017. This receivable has triggered the release of a provision of EUR
619,488. As a result, this transaction will positively affect Q2 profit for the
period by EUR 1,519,488.
AFARAK GROUP PLC
Guy Konsbruck
CEO
For additional information, please contact:
Afarak Group Plc
Guy Konsbruck, CEO, +356 2122 1566, [email protected]
Jean Paul Fabri, PR Manager, +356 2122 1566, [email protected]
Financial reports and other investor information are available on the Company's
website: www.afarak.com.
Afarak Group is a specialist alloy producer focused on delivering sustainable
Growth with a Speciality Alloys business in southern Europe and a FerroAlloys
business in South Africa. The Company is listed on NASDAQ Helsinki (AFAGR) and
the Main Market of the London Stock Exchange (AFRK).
Distribution:
NASDAQ Helsinki
London Stock Exchange
Main media
www.afarak.com
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