Machine tools and laser marking equipment supplier 600 Group is on course to return to profit in the year to March 2013 as the rate of revenue growth has increased.
Full year revenues are expected to improve from £37.6m to £41.5m. The first half loss will be more than made up for by a second half profit. A 2012-13 profit of £300,000 is forecast.
600 Group is gaining market share in the US. Disposals have helped the company to reduce its debt levels with net debt of around £5.3m at the year end.
At 13.12p a share, up 0.5p, 600 Group is valued at £11.1m.
The full year figures will be published on 26 June.
A 2013-14 profit of £1.9m is forecast. The shares are trading on seven times prospective 2013-14 earnings – based on a nominal tax charge.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFApril2013_43.pdf
© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.