600 Group up as it meets guidance

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600 Group up as it meets guidance

The price of shares in AIM-listed machine engineering firm 600 Group (LON:SIXH) has climbed by 4.57% to 9.15p (as of 11:50 BST) after stating that results for the year ended 28th March were in line with previously revised expectations. Trading has been negatively impacted by COVID and management are unable to offer guidance for the current year at this time.

Executive Chairman Paul Dupee commented: “Despite the short-term end-market weaknesses and macroeconomic uncertainty, the Board continues to believe in the long-term fundamentals of the Group. The Board have taken decisive action to reduce costs and to keep the workforce and technical competencies together to ensure the Group is well placed to reap the immediate benefits when the markets return to normality“.

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