600 Group (AIM:SIXH) – out of intensive care!
The AIM quoted machine tools and laser marking company has announced encouraging results for the year ending 30 March 2013. This could be a big recovery play but it's a tough market in which to grow
Revenues for the year were up 11.2% to £41.79m, a terrific achievement in itself in the face of challenging markets. Operating profit was up 322% to £0.97m (2012: £0.23m) and adjusted profiot before tax was £390k (2012: Loss £420k). EPS increased to 5.25p (2012: loss of 23.30p).
Net assets at the year end were £21.7m (2012: £7.0m) after the inclusion of the pension surplus on the Group Balance Sheet for the first time. Not clear…
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