BGN Entrepreneur

Shareholders in Charter International, the maker of welding equipment, should shield their eyes. Only six weeks after telling investors that trading was on track, Charter admitted that it had taken a turn for the worse.
Sales in May, usually one of its strongest months, were unexpectedly poor. Revenues from so-called consumables—welding materials, such as solid wire, which need to be replenished—were down by 35% on the year, and those of cutting equipment fell by 50%.

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