AFRK Afarak Group Se

 
TIDMAFAGR 
 
 
   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, guy.konsbruck@afarak.com 
 
   Jean Paul Fabri, PR Manager, +356 2122 1566, jp.fabri@afarak.com 
 
   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 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Afarak Group via Globenewswire 
 
 
  http://www.afarakgroup.com 
 

(END) Dow Jones Newswires

July 27, 2017 02:01 ET (06:01 GMT)

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