Quarter financial report says regarding the
Disposal of Ekala Property.
The Company is in the process of disposing its Ekala Property to Alumex PLC (which is a subsidiary of Hayleys PLC) at a
consideration of, Rs.420,000,000/= ,
This was approved by the shareholders on 27th of July 2016. Once the transaction is being carried out, the expected gain on the
disposal of above property amounts to Rs. 215,000,000.
In this way HEXP Can easily achieve 20++ EPS once they utilize these funds wisely.
HEXP more than 500℅ profit increased compare to last quarter same period.
We will receive Land disposal ahnouncement very soon as mentioned in quarterly reports.