Jelf looks to raise £17m after reporting operating loss


The company said it expected that any placing would be conducted at or around the price of 36p per ordinary share and would be subject to shareholder approval at a general meeting.

The move came as Jelf reported a £9.7m loss after deduction of £4.8m reorganisation and rationalisation costs and £7.5m goodwill impairment (2008: £0.7m reorganisation and rationalisation costs and £nil impairment).

Revenue has increased 11% to £70.3m (2008: £63.1m) largely driven by previous year strategic

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