BRIEF-Lynch Group Plans Exit From Queensland Farm By End Of Current Lease In 2030

Reuters
04 Apr
BRIEF-Lynch Group Plans Exit From Queensland Farm By End Of Current Lease In 2030

April 4 (Reuters) - Lynch Group Holdings Ltd LGL.AX:

  • PLANNED TO EXIT QUEENSLAND FARM BY END OF CURRENT LEASE IN 2030

  • DECIDED TO CLOSE TWO OF THREE AUSTRALIAN POTTED FARMS

  • CLOSURES TO IMPACT FY25 WITH A$8.5M-A$9.5M NON-CASH COST AND A$3.5M-A$4.0M ONE-OFF CASH COST

Source text: ID:nASX4tjz3J

Further company coverage: LGL.AX

((Reuters.Briefs@thomsonreuters.com;))

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