December 16, 2016 / 4:14 PM / 7 months ago

BRIEF-Sale of land can increase EBIT of Agora in 2017 by c. 8.3 mln zlotys

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Dec 16 (Reuters) - Agora SA :

* Signs preliminary agreement for sale of perpetual usufruct rights to undeveloped plot of land in Warsaw, Poland

* The total sale price is 19.0 million zlotys ($4.48 million) net and positive impact of this transaction on the company's and Agora Group's operating result (EBIT) in 2017 may amount to about 8.3 million zlotys

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Further company coverage:

$1 = 4.2422 zlotys Gdynia Newsroom

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