19th May 2021 14:30
Science Group PLC - Cambridge-based scientific consultancy services firm - Expects adjusted operating profit for the half-year to June 30 to be up by 30% to around GBP6.4 million on a year-on-year basis after a solid start to 2021. In first half of 2020, Science Group posted pretax profit of GBP2.5 million and adjusted operating profit of GBP4.9 million.
Says all three divisions of the group have traded well at the beginning of 2021. In its services businesses, research & development consultancy division has seen particularly strong momentum in the medical sector, company says.
Gross cash at April 30 was GBP29.5 million with net funds of GBP13.3 million, Science Group says.
Current stock price: 393.15 pence, up 12% on Wednesday
Year-to-date change: up 40%
By Will Paige; [email protected]
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