600 Group announces share placing and losses

Machine tools business 600 Group says it was hamstrung by the performance of its European operations in the full year to the end of March but has now cut the fat, and raised money to fund investment.

Machine tools business 600 Group says it was hamstrung by the performance of its European operations in the full year to the end of March but has now cut the fat, and raised money to fund investment.

In the 12 months to March 31st continuing revenues increased 8.1% to £39.39m but the business turned a loss of £0.29m compared to a profit the previous year of £1.1m.

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