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Danish company to make healthy profits from Brazilian assets
29/09/2010
A Danish timber trading company is anticipating making a healthy pre-tax profit from the sale of its valuable Brazilian land and building assets.
Dalhoff Larsen & Horneman (DHL) has revealed that it will earn 15 million kroners from the sale, which it will invest in its strategy to enhance its trading and logistics services. The land and buildings in Belem are being sold to the Brazilian construction company Premium Participacoes LTDA/Gafisa in a deal worth 51 million kroners in total.
Assets worth a further 5 million kroners have also been sold in recent deals.
The divestment - though profitable and indication of good investment practices - will have an almost negligible impact on the company's previously announced 2010 revenue and profit outlook plan.
The interim report for the first half of 2010, which was disclosed in August, shows that that the timber trading company produced revenue of between 3.6 billion kroners and 3.8 billion kroners.
The current sale follows the deal from earlier this year in which DLH sold its units, US firm PW Hardwood and Dutch entity I-Dry, bringing DLH's total proceesds from divested assets this year to more than 130 million kroners.
Dalhoff Larsen & Horneman (DHL) has revealed that it will earn 15 million kroners from the sale, which it will invest in its strategy to enhance its trading and logistics services. The land and buildings in Belem are being sold to the Brazilian construction company Premium Participacoes LTDA/Gafisa in a deal worth 51 million kroners in total.
Assets worth a further 5 million kroners have also been sold in recent deals.
The divestment - though profitable and indication of good investment practices - will have an almost negligible impact on the company's previously announced 2010 revenue and profit outlook plan.
The interim report for the first half of 2010, which was disclosed in August, shows that that the timber trading company produced revenue of between 3.6 billion kroners and 3.8 billion kroners.
The current sale follows the deal from earlier this year in which DLH sold its units, US firm PW Hardwood and Dutch entity I-Dry, bringing DLH's total proceesds from divested assets this year to more than 130 million kroners.
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