Disposal
October 02 2003 - 12:01PM
UK Regulatory
RNS Number:4775Q
Alphameric PLC
02 October 2003
2 October 2003
Alphameric plc
("Alphameric" or the "Group")
Disposal of Logistics Operation
Alphameric, the information technology solutions provider, is pleased to
announce the disposal of its logistics operation to LIS Online Limited for a
total cash consideration of #300,000.
As shareholders are aware, the Group has for some time been seeking a suitable
path forward for this operation in the light of the consolidation and tightening
of the third party logistics market. For the year to November 2002 the logistics
operation incurred operating losses of #782,000, before goodwill amortisation.
Alan Morcombe, Chief Executive of Alphameric plc commented:
"The sale of this non-core business secures its future and removes any
distraction from the focus on our core businesses, where we are committed to
growing high quality revenues from a strong customer base."
- Ends -
Alphameric plc
Alan Morcombe, Chief Executive
Martin Randall, Finance Director 01483 293971
Weber Shandwick Square Mile
Nick Oborne / Susanne Walker 020 7067 0700
This information is provided by RNS
The company news service from the London Stock Exchange
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