Brief: Firstfarms Sells 238 Hectares For DKK 12 Million

FirstFarms A/S

15/12/2020 15:07

Dec 15 (Reuters) - Firstfarms A/S  FFARMS.CO :
    * REG-FIRSTFARMS A/S SELLS 238 HECTARES FOR DKK 12 MILLION
    * REG-FIRSTFARMS A/S SELLS 238 HECTARES FOR DKK 12 MILLION
    * HAS TODAY SIGNED FINAL AGREEMENT (SPA) OF 238 HECTARES.
    * REMAINING PART IS EXPECTED TO BE CARRIED OUT IN TRANCHES
OVER
COMING 10 MONTHS
    * TRANCHE COMPLETED TODAY CONSTITUTE DKK 12 MILLION.
    * TOTAL SALES PRICE IS EXPECTED TO CONSTITUTE DKK 85
MILLION.
    * PROFIT OF TOTAL SALE IS EXPECTED TO AFFECT EBIT WITH DKK
40
MILLION
    * HALF OF SALE HAS BEEN CARRIED OUT. THUS, REMAINING SALE IS
EXPECTED TO AFFECT EBIT WITH DKK 20 MILLION IN 2021.

Source text for Eikon:  ID:nGNEbQw4L 
Further company coverage:  FFARMS.CO 

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