600 Group announces half-year financial results

Diversified engineering company the 600 Group has announced its half-year financial results for the 26 weeks to 2 October 2010.

After adjustment for discontinued operations, revenue grew by 13 per cent compared to the same period last year and its gross profit increased to 33 per cent, up one per cent from 2009.

Net operating expenses before restructuring costs, net pension credit and impairment of intangible assets reduced to £7.5m from last year’s £7.9m, following further savings in overheads.

The group’s profit before tax of £1.5m showed improvement from the £5.8m loss made in the same period of 2009.