SBS Group plans to float on AIM
Friday 06 June 1997
The company said the money raised would provide working capital to support future growth and turnover, allow the repayment of borrowings and provide the flexibility to finance acquisitions. In the year to 31 August 1996 it had sales of pounds 15.2m and pro forma profit after tax of pounds 252,000. For the first half of 1996/97 turnover was up 13.2 per cent at pounds 10.1m and profits after tax were ahead 53.1 per cent to pounds 268,000.
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