Sign In
10 Dec 2018 12:59
RNS Number : 9951J
Rasmala PLC
10 December 2018
10 December 2018
Rasmala PLC
("Rasmala" or the "Company")
Company update
The Company notifies that it is currently in negotiations to dispose of a non-core asset which generated a net profit of £0.5 million in the year to 31 December 2017. Whilst there is no certainty of the outcome, a disposal would be expected to generate a profit in excess of £2 million. The sale proceeds would be re-invested into operations.
Enquiries:
Rasmala PLC | Tel: +44 (0)20 7847 9900 |
Zak Hydari, CEO |
|
Stockdale Securities | Tel: +44 (0)20 7601 6100 |
Antonio Bossi / David Coaten |
|
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
Rasmala (RMA)
Follow the stocks
