SKS Technologies Group Limited (AU:SKS) has released an update.
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SKS Technologies Group Ltd has announced a significant boost in bank financing, with CBA facilities increasing by 44.8% from $14.5 million to $21 million, marking the third increase in just two years. This financial growth correlates with the company’s operational expansion, reflected by a more than fourfold increase in work on hand from $39 million to $160 million since June 2022. The additional funds are expected to support SKS Technologies’ ambitious growth plans and improve its capital structure without the need for raising extra capital.
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