LONDON (Alliance News) - Rasmala PLC said Monday that it is currently in talks to dispose of an undisclosed non-core asset, which would generate a profit in excess of GBP2 million.
The company said there is no certainty over the outcome of the negotiations. It intends to use re-invest the sale proceeds into its operations.
The non-core asset generated a net profit of GBP500,000 in 2017.
Shares in Rasmala were trading 8.3% lower at 110.05 pence each.