Engineering company 600 Group booked a 32% rise in full-year profit after it improved its margins. Pre-tax profit for the year through March rose to $4.3m, up from $3.3m on-year. Revenue from continuing operations increased 1.9% to $65.2m, while gross margin jumped 2.4 percentage points to 36.1%. The company declared a full-year dividend of 0.5c per share. 'This has been a transformational year for the group with a number of major developments, both operationally and financially, supporting our strategy of building a global industrials business,' chief executive Paul Dupee said. 'These results demonstrate continued improvement in profitability and increasing revenues, which reflects our ongoing focus on driving operational efficiencies across the group whilst also investing for growth as we move up the value chain.'
Sign up to our
Subscribe to the latest investing news by entering your email address below
You can opt out at any time.
For five days a week you will get
- The latest company news
- Insight into investment trends
- Round-up of director's buys and sells
- Articles from Shares magazine
Plus more useful investment content and occasional promotional offers.
UK 350 Risers and Fallers
Tweets not available.