Afarak Group has concluded the sale of all the remaining sawmill equipment acquired by the company in 2008.

It said: "The latest and final sale of equipment amounting to â¬900,000 was concluded towards the end of 2016 and the final payment of â¬700,000 was received in Q2/2017.

"This receivable has triggered the release of a provision of â¬619,488.

"As a result, this transaction will positively affect Q2 profit for the period by â¬1,519,488."

At 9:15am: (LON:AFRK) Afarak Group share price was 0p at 77.5p