Entu completes disposal of loss-making kitchen retail operation
Home improvement group Entu has successfully completed the disposal of its loss-making kitchen retail operation, Norwood Interiors, to David Hole and Mark Blayney of GPS Capital for a nominal sum of £1.
Entu (UK)
1.40p
16:19 29/09/17
0.00%
0.00p
General Retailers
4,599.68
17:09 18/11/24
0.42%
19.30
The disposal follows Entu's statement, in its recent interim results announcement, that it was in discussions regarding a sale of Norwood, which the group considered non-core to operations and its strategy.
In Entu's recent set of interim results, Norwood was treated as a discontinued operation. During that period, it contributed revenues of £1.88m and an operating loss of £248,000, before an impairment charge of £156,000.
At 1228 BST, Entu shares were up 1% at 62.10p.