The group made operating profits of €1.3m in the eight-month period to the end of August 2016.
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The proceeds of the sale of An Grianán Estate will see Donegal Investment Group receiving €17.4m. As at the end of August 2016, the group had net debt of €14.9m.
The group said that during the 12-month period ended 31 December 2016, the company earned net income of approximately €290,000 from the disposed assets. This comes on the back of an announcement last week that it had completed the sale of its UK-based premium sandwich business, Chef in a Box. These disposals represent further progress on the board’s strategy to realise the value from non-core assets.
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The proceeds of the sale of An Grianán Estate will see Donegal Investment Group receiving €17.4m. As at the end of August 2016, the group had net debt of €14.9m.
The group said that during the 12-month period ended 31 December 2016, the company earned net income of approximately €290,000 from the disposed assets. This comes on the back of an announcement last week that it had completed the sale of its UK-based premium sandwich business, Chef in a Box. These disposals represent further progress on the board’s strategy to realise the value from non-core assets.
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