MACHINE tool business the 600 Group has pledged to continue investing after achieving higher sales and profits in the six months to September 27.
The Heckmondwike-based lathe-maker saw revenues rise by 0.5 per cent to £21.05 million, with pre-tax profits jumping from £940,000 to £3.16 million in the half-year.
Chairman Paul Dupee said: “Our businesses have delivered satisfactory financial results for the six month period ended 27 September 2014.
“Revenue growth was above the industry average and profit margins showed continued resilience despite facing sluggish overall market demand.
“The board is optimistic that continued investment in product development, facilities and people offers the opportunity for stronger organic growth than the market average, based on further increases in market share.
“Meanwhile, we continue to explore acquisition opportunities and anticipate progress from this activity in the second half of the year.”
Revenues would have been £1 million higher but for the impact of sterling’s strength against the US dollar during the period.
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