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Note 16 - Gain on Sale of Operating Facility | 12 Months Ended
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Apr. 30, 2019
Notes to Financial Statements |
Gain on Sale of Operating Facility [Text Block] |
Note 16 - Gain on Sale of Operating Facility:
On July 29, 2016, Value Line closed the sale of its 85,000 sq. ft. distribution, fulfillment and warehouse operating facility located at 125 East Union Avenue, East Rutherford, NJ, received net proceeds of $11,555,000 and reported an increment to net profits after tax during the first quarter of fiscal 2017 of approximately $5.28 million. The distribution, fulfillment and warehouse operations were relocated to an alternative 24,110 sq. ft. leased facility (See Note 9 ).

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