Partner Article

West Yorkshire manufacturer The 600 Group looks to the acquisition trail

Heckmondwike machine manufacturer The 600 Group has reported good growth and is looking to the acquisition trail for the coming year.

Pretax profit significantly increased to £3.16 million from under one million (£940k) in the same six months of 2013.

The 600 Group reported a revenue increase of 0.5% to £21.05 million, compared to £20.94 million the previous year.

The 600 Group PLC s a diversified engineering group in the manufacture and distribution of machine tools, precision engineered components and laser marking systems.

Paul Dupee, chairman of The 600 Group PLC said: “Our businesses have delivered satisfactory financial results for the six month period ended 27 September 2014.

“Revenue growth was above the industry average and profit margins showed continued resilience despite facing sluggish overall market demand.

“The Board is optimistic that continued investment in product development, facilities and people offers the opportunity for stronger organic growth than the market average, based on further increases in market share.

“Meanwhile, we continue to explore acquisition opportunities and anticipate progress from this activity in the second half of the year.”

This was posted in Bdaily's Members' News section by Clare Burnett .