18th Jun 2015 15:02
LONDON (Alliance News) - Electronic Data Processing PLC Thursday said it has completed the sale of its freehold warehouse in Sheffield for GBP425,000 in cash.
The "surplus" property had a book value of GBP301,000 at the end of March, and the company said the costs associated with the sale totalled GBP10,000. The sale also will result in GBP30,000 in annual savings. The net proceeds will be added to existing cash resources.
Electronic Data shares were up 1.3% to 69.40 pence per share late Thursday afternoon.
By Joshua Warner; [email protected]; @JoshAlliance
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