StockMarketWire.com - Engineering company 600 Group booked a 32% rise in full-year profit after it improved its margins.

Pre-tax profit for the year through March rose to $4.3m, up from $3.3m on-year.

Revenue from continuing operations increased 1.9% to $65.2m, while gross margin jumped 2.4 percentage points to 36.1%.

The company declared a full-year dividend of 0.5c per share.

'This has been a transformational year for the group with a number of major developments, both operationally and financially, supporting our strategy of building a global industrials business,' chief executive Paul Dupee said.

'These results demonstrate continued improvement in profitability and increasing revenues, which reflects our ongoing focus on driving operational efficiencies across the group whilst also investing for growth as we move up the value chain.'




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