During the first half of 2016, the 6PM group reported a profit before tax of £488,994, an increase of 18 per cent over the results achieved in the first six months of last year. The group is planning to contain costs and become more cost effective, which is becoming more necessary to counteract the effect of the Brexit result as costs denominated in euro have become more expensive within the group structure, which is denominated in sterling.

As announced in March 2016, interested parties have the intention to launch a voluntary bid for the acquisition of all the issued share capital of the company, subject to the satisfactory conclusion of a due diligence exercise.

The outcome of these discussions should be known soon, although all members of the board of directors are using a “business as usual” approach until the result is known, the group said.

“The board is cautiously confident that the group will continue to achieve the expected positive results in the coming months, despite the unqualified unknown placed through the Brexit result of the referendum, and have therefore considered it appropriate to prepare this interim financial report on a going concern basis,” it said.

In line with the current policy, the directors are recommending that no interim dividend is to be paid.