Graft Polymer (UK) PLC (GB:GPL) has released an update.
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Graft Polymer (UK) PLC, a specialist chemical firm, reported a challenging financial year with a loss before taxation of £3.120 million and a year-end cash equivalent of £0.155 million. The company is pivoting towards its promising Graft Bio division following the planned disposal of its underperforming Slovenian entity. To navigate financial constraints, a £200,000 working capital loan was secured, and Allenby Capital was appointed as a broker to assist in future fundraising efforts.
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