About The 600 Group PLC
The 600 Group PLC is a distributor, designer, and manufacturer of industrial products with three principle areas of activities:
Machine Tools
The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group s wholly owned international sales organisation and a global distribution network.
Precision Engineered Components
Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products are sold via specialist distributors to OEMs, including other machine builders.
Stephen Farrell
The chief financial officer of listed engineering business 600 Group has stepped down from the role.
It follow s the Elland-based company s announcement in November of group restructure and he opening of a new office in Orlando, Florida.
Chief financial officer Neil Carrick has decided that for personal reasons he will be unable to relocate to Orlando, and has left 600 Group with immediate effect.
He has been succeeded by G Mitchell Krasny, formerly CFO of technology companies Ucell and Kcell, subsidiaries of Telia Company, Bulgaria Telecom, TV 3 Russia and CFO Eastern Europe and Russia for Millicom and Metromedia International.
Chairman Paul Dupee said: Neil joined the business in 2011 and has made a great contribution since his arrival, particularly in overseeing the buyout of the UK pension scheme and strengthening the group s financial position. We wish Neil well for the future.
15 December 2020 | 09:23am
StockMarketWire.com - 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.
A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;