600 Group (SIXH)

Sector:

Engineering

Index:

FTSE AIM All-Share

11.40p
   
  • Change Today:
      0.65p
  • 52 Week High: 21.60
  • 52 Week Low: 10.65
  • Currency: UK Pounds
  • Shares Issued: 117.47m
  • Volume: 346,100
  • Market Cap: £13.39m
  • RiskGrade: 398

600 Group profits jump following revenue growth

By Duncan Ferris

Date: Monday 02 Dec 2019

LONDON (ShareCast) - (Sharecast News) - 600 Group on Monday reported double-digit interim profit growth as both its divisions delivered revenue growth despite facing "macro-economic and political uncertainties".
The industrial engineering company booked a profit before tax of $1.7m for the six months ended 28 September, up 28% on the comparable period the year before, while revenue climbed by 13% to $35.7m.

The AIM traded company proposed an interim dividend of 0.25p per share, unchanged from last year.

The increase in turnover was driven by the industrial laser systems division, where revenue rose by 35% to $13.0m after operating margins jumped to 14.0% from 11.6% and the segment benefited from the acquisition of Control Micro Systems in June.

Meanwhile, sales from the machine tools and precision engineered components rose by 3% to $22.6m as momentum in the UK business offset small declines in Australia and the US, even amidst the uncertainty created by Brexit and declining industry statistics.

Executive chairman Paul Dupee said: "This period has seen further progress in our strategy to build a global industrial business. The de-risking of the group, both operationally and financially, has created a platform from which we are now beginning to leverage the strength of the group's brands and grow the business into increasingly diversified niche markets worldwide both organically and by acquisition.

"The group has made headway despite certain macro-economic and political uncertainties across our end markets and although these may still create some short term disruption, the board believes in the long term fundamentals of our businesses and the strategy they are now enacting and is optimistic for the long- term future."

600 Group shares were up by 3.91% at 18.60p at 1552 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

600 Group Market Data

Currency UK Pounds
Share Price 11.40p
Change Today 0.65p
% Change 6.05 %
52 Week High 21.60
52 Week Low 10.65
Volume 346,100
Shares Issued 117.47m
Market Cap £13.39m
RiskGrade 398

600 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.77% above the market average99.77% above the market average99.77% above the market average99.77% above the market average99.77% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
72.01% below the market average72.01% below the market average72.01% below the market average72.01% below the market average72.01% below the market average
70% below the sector average70% below the sector average70% below the sector average70% below the sector average70% below the sector average
Income
99.80% above the market average99.80% above the market average99.80% above the market average99.80% above the market average99.80% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
65.68% above the market average65.68% above the market average65.68% above the market average65.68% above the market average65.68% above the market average
29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average

600 Group Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Dec-19 29-Aug-19
Paid 10-Jan-20 30-Sep-19
Amount 0.25p 0.50p

Trades for 25-Feb-2020

Time Volume / Share Price
16:27 25,000 @ 12.00p
15:57 100,000 @ 10.83p
15:57 100,000 @ 10.80p
15:05 1,000 @ 11.90p
14:03 61,000 @ 11.40p

600 Group Key Personnel

COO Terry Allison

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