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The 600 Group PLC – Results for the year ended 31st, March 2021

Hamilton, Bermuda – 11th, October 2021In a filing with the Bermuda Stock Exchange (“BSX”), The 600 Group Plc (the "Company”), have announced results for the year ended 31st, March 2021. The filing stated:

 

 

The 600 Group plc

A leaner and more efficient business well placed for the future

Results for the year ended 31 March 2021

 

The 600 Group PLC ("the Group"), the diversified industrial engineering company (AIM: SIXH), today announces its results for year ended 31 March 2021.

Financial highlights

 

Strategic & operational highlights

 

 $2.2m of 31 March 2021 Group net debt will be eligible for forgiveness from September 2021 as a US Paycheck Protection Program (“PPP”) loan.

 

 

 

 

Paul Dupee, Executive Chairman of the Group, commented:

“The Coronavirus pandemic provided an exceptional challenge and changed business as we know it. However, our management team’s ability to adapt, respond quickly and act decisively has allowed us to minimize the impact during the year and move forward with a leaner and more efficient business.

“We now have a healthy order book and a strong pipeline of opportunities across the business. Most pleasingly, the order book for our higher margin laser division, an area we are actively seeking to grow, is especially strong. Our ability to retain our highly skilled workforce and technical competencies during the upheaval of COVID-19, means we are well set to continue to take advantage of these opportunities.

“Despite some ongoing uncertainty created by COVID-19, the Board continues to believe in the long-term fundamentals of the Group; in brand promotion, investment in new, higher end product capabilities and diversification into new markets and selective acquisitions. The Board is excited about the possibilities that lie ahead.”

 

 

Enquiries:

The 600 Group PLC

Paul Dupee, Executive Chairman

Neil Carrick, Company Secretary

 

Tel: +1-407-818-1123 / 01924 415000

Instinctif Partners

Tim McCall

 

Tel: 0207 457 2020

Cenkos Securities plc (Nominated Adviser and Broker)

Ben Jeynes / Max Gould (Corporate Finance)

Alex Pollen/ Henry Nicol (Sales)

Tel: 020 7397 8900

 

 

                                                           # # #

 

For more information on the Bermuda Stock Exchange (BSX), contact James Best at 1-441-292-7212 or jbest@bsx.com . Information is also available at www.bsx.com and on Bloomberg at BSX.

 

Established in 1971 the Bermuda Stock Exchange (BSX) is the leading fully electronic offshore securities market. The BSX specializes in listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants and Insurance Linked Securities.

 

The BSX is a full member of the World Federation of Exchanges (WFE) and is in an O.E.C.D. member nation and an affiliate member of IOSCO. The BSX is recognised by the US SEC as a Designated Offshore Securities Market. In addition, the BSX is recognized by the U.S. Securities & Exchange Commission (SEC) as a Designated Offshore Securities Market under Regulation S; The Financial Services Authority in the UK as a Designated Investment Exchange; HM Revenue & Customs in the UK as a Recognized Stock Exchange; The Bermuda Monetary Authority as a Recognised Investment Exchange; and as an Approved Stock Exchange under Australia’s Foreign Investment Funds (FIF) taxation rules; and Designated Exchange status under Canada’s Income Tax Act and is a member of America’s Central Securities Depository Association.

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