Cadmus Technology today announced the sale of its eftpos rental assets to Product Rentals Ltd for $1.712 million.
The assets have a book value of $991,484 and the sale will generate a one-off gain of $720,516 to Cadmus.
For the year-ended June Cadmus reported a net profit of $56,000, down from $406,000 posted the previous year.
Shares in Cadmus were up 1c at 26 in afternoon trading today, having ranged between 8.8c and 27c over the past 12 months.
Cadmus said in a statement Product Rentals was purchasing assets and eftpos rental books from a number of parties.
- NZPA
Cadmus sells off eftpos rental assets
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