Brief: Steel & Tube Holdings To Sell Property On A Sale And Lease Back Basis

Steel & Tube Holdings

21/06/2018 21:42

June 22 (Reuters) - Steel & Tube Holdings Ltd  STU.NZ :
    * SIGNED UNCONDITIONAL AGREEMENT TO SELL ITS PROPERTY AT 375
BLENHEIM ROAD, CHRISTCHURCH FOR $21.1 MILLION ON A SALE AND
LEASE BACK BASIS
    * EXPECTS SALE WILL RESULT IN CO RECOGNISING A GAIN ON SALE
OF
APPROXIMATELY $1.3 MILLION IN FINANCIAL YEAR ENDING 30 JUNE 2018
    * EARNINGS GUIDANCE PROVIDED TO MARKET ON 23 MAY 2018 DID
NOT
INCLUDE ANY GAIN ON SALE
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW9mLZmr 
Further company coverage:  STU.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))