21st Jan 2019 11:23
LONDON (Alliance News) - Marlowe PLC said Monday it has sold some non-core assets for GBP2.3 million in cash, to be used for general corporate purposes.
The assets comprise two contracts to produce specialist chemical products with applications in healthcare and clinical disinfection, the support services firm added.
The contracts were included in the company's GBP4.5 million acquisition of Suez Water Conditioning Services Ltd completed last August.
For 2017, they generated revenue of GBP600,000 and an estimated gross profit contribution of 200,000.
Marlowe shares were trading 0.2% higher at 398.72 pence each.
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