600 Group warns on profits following sale
4th July 2012
ENGINEERING firm 600 Group has sold its South Africa-based subsidiary but has warned that full year results are expected to fall below market expectations.
The Leeds-based group has offloaded 600 SA (Proprietary) to Eqstra Holdings for £1.86m.
It has also sold a freehold property at Shepshed, Leicestershire, for £1.2m.
The sale comes as 600 Group looks to divest itself of non-core operations and proceeds will be used to reduce the company's debt and provide additional working capital. 600 Gro......for the full story register now for free or login below...
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