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"Net debt stood at around £380m at the end of December, up more than £60m in the space of six months"

On a straight reading of the article, debt didn't go up from £60m to £380m in six months; it went up £60m from (presumably) £320m to £380m.

Though I'm struggling to understand how there can be such losses and yet only a £60m increase in debt.

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