600 Group's revenues improve

The company, which is based in Heckmondwike, West Yorkshire, also revealed that its turnaround strategy was continuing to deliver improved revenues and margins.

In the 26 weeks October 2, 2010 the company achieved a pre-tax profit of 1.5m, compared to a loss of 5.8m in the same period the year before.

David Norman, the chief executive of The 600 Group, said: "The success of the turnaround strategy we are executing, coupled with the funding secured earlier in the year, means the group is now in a significantly stronger financial position to deliver increasing revenues and margins.

"Earlier this month we announced the acquisition of a machine tool manufacturing facility in Tarnow, Poland. This is a transformational deal for the group giving us an EU manufacturing footprint capable of servicing the requirements of our international sales organisation with lead time and quality benefits for our customers.

"It will significantly shorten the supply chain as well as reducing the working capital requirements of the group.

"This, together with the improved trading conditions we are seeing in Europe and North America, positions us well for the rest of the year."