Major investments spark growth for 600 Group

DESIGNER and manufacturer of industrial products the 600 Group has had a stellar year, with pretax profits and revenue on the up.

Pretax profits reached £3.68m, compared with £2.47m in 2014 for the year ended 28 March.

Major investments and acquisitions helped the company achieve its goals, leading to a revenue incline from £41.7m to £43.8m this year.

The AIM-listed firm acquired TYKMA, a US-based laser marking firm in February for £3m to expand its presence in North America, where it already has subsidiaries.

These results follow on from the speedy exit of former chief executive Nigel Rogers, who was replaced by Paul Dupee, previously a non-executive director, in April.

Mr Dupee of the 600 Group PLC said: “This has been a year of substantial change. We have made two significant investments in TYKMA and the holding in ProPhotonix.

“TYKMA is now fully integrated with our Electrox business under the leadership of David Grimes in the US and is already making a good contribution to revenues and profits. We continue to maintain a cordial and constructive relationship with the ProPhotonix Board.”

 

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