The 600 Group posts loss as revenue falls 29%

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Engineering company The 600 Group posted a first-half loss, pinned on disruption caused by the Covid-19 pandemic.

Pre-tax losses for the six months through September amounted to $1.24 million, compared to losses of $0.63 million year-on-year. Revenue sank 29% to $25.4 million.

The company did not declare an interim dividend.

'The reporting period has been heavily impacted by the Covid-19 pandemic,' executive chairman Paul Dupee said.

'However, the group responded quickly to the challenges, reducing costs and keeping our core competencies together.'

'Whilst short-term macro-economic uncertainty remains, I am confident that we will come out of this crisis a stronger and leaner business.'

At 9:23am: (LON:SIXH) 600 Group The PLC share price was 0p at 8.25p