Business and people search

600 Group warns on profits following sale

4th July 2012

Share:

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...


Print this page Have your say Bookmark and Share Send to a friend

More News News Archive

Have Your Say 

Be the first to comment on this article!

Login to submit a comment

 
Walker Morris B2 May 2013 D2
LUBS B3 May and June 2013

Latest Poll

Which sector will most drive economic recovery in Yorkshire?

ISIS B4 April 13
Arena Group B5 May 2013 D2
TheBusinessDesk is a company registered in the UK - Company #6324067 - VAT #917602919