Applied Graphene Materials posts £4.9m loss days after revealing job cuts
Applied Graphene Materials (AGM) has revealed it made a loss of £4.9m last year, just days after the company outlined plans to cut jobs at its manufacturing site.
The Redcar firm saw its total turnover fall by nearly 40%, from £203,000 to just £124,000 for the year ending July 31 2019. Meanwhile, the listed company’s losses continue to widen from £4.6m to £4.9m.
The manufacturer, which makes…
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