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Interim Results

600 Group sees H1 pretax profit slip lower

06 December 2016 07:39

600 Group has seen its H1 pretax profit slip lower to £1.4m, from £1.6m. Revenue was £23.2m, from £23.3m.

Executive chair Paul Dupee said:

"Although both of our Divisions have been operating in uncertain and challenging market conditions they have still been able to deliver acceptable financial results for the six month period ended 1 October 2016.

"The overall Group order book continues to improve and has risen from 20% above the prior year's level at the end of September 2016 to currently 30% above prior year and new quotation activity remains high.

"The anticipated infrastructure spending programmes outlined in both the UK and the USA should improve the market for capital goods, and the products we supply in particular, and the medium term market outlook therefore appears to be brighter.

"The actions taken to reduce overheads and become more efficient have yielded better margins and the Board remains of the view that the process of leveraging our industry recognised brands such as Colchester, Harrison, Clausing, TYKMA and Electrox through an increased worldwide distribution network will lead to revenue growth in the future."

Story provided by StockMarketWire.com

Related Company: SIXH

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