Sale of freight ferry
23 Novembre 2007 - 12:48PM
UK Regulatory
RNS Number:3853I
Clarkson PLC
23 November 2007
23 November 2007
CLARKSON PLC
Sale of freight ferry for Euro5.4 million
The Board of Clarkson PLC ("Clarkson") is pleased to announce the sale of its
freight ferry, the CFF Seine, which currently operates in the Irish Sea. The
ferry, part of Clarkson's non-core logistics business, has been sold to Express
Shipping A/S for a cash consideration of Euro5.4 million (#3.8 million). The sale
is expected to complete by early December and the proceeds will be reinvested in
Clarkson's core business.
The value of gross assets disposed of will be #1.7 million and for the ten
months to 31 October 2007 the ship generated #0.5 million of trading losses
before tax (2006 full year losses #1.0 million). The pre-tax profit on sale of
#2.1 million, along with the accumulated trading losses up to the point of sale,
will be treated as a discontinuation of the non-core ferry logistics operation
in the 2007 financial statements.
Enquiries:
Clarkson PLC 020 7334 0000
Richard Fulford-Smith, Chief Executive Officer
Jeff Woyda, Finance Director
Hudson Sandler 020 7796 4133
Jessica Rouleau/Fran Read
This information is provided by RNS
The company news service from the London Stock Exchange
END
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