30th Apr 2015 08:43
LONDON (Alliance News) - The 600 Group PLC on Thursday said Chief Executive Nigel Rogers has resigned, as the machine tools and laser marking company said it expects underlying trading in the year to March 28 to be in line with its expectations.
600 Group said Rogers has resigned from his role, which he has occupied since March 2012, with Paul Dupee, currently non-executive chairman, to become executive chairman. It didn't give a reason for the resignation.
The group added it expects revenue to be around 5% higher year-on-year in the year to March 28, or up 3% on a like-for-like basis. Pretax profit is expected to be over GBP3 million, from GBP2.5 million a year earlier, with underlying trading to be in line with its expectations.
600 Group shares were down 1.5% to 16.25 pence on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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