SEE:Kencana Agri reports smaller 3Q losses on lower interest expense, JV share of results
The disposal is expected to result in a loss on disposal of approximately US$33,114 based on the property’s book value of US$2.32 million as of FY2020 ended December.
Based on pro forma financials as of FY2020, Kencana Agri’s net tangible assets per share would decrease from 4.77 US cents to 4.76 US cents, while earnings per share would decrease from 1.40 US cents to 1.39 US cents.
Shares in Kencana Agri closed up 1 cent or 6.25% higher at 17 cents on April 26.
