Science Group on track to deliver another strong FY performance

(Sharecast News) - Science and technology consultancy Science Group said on Monday that it remains on course to deliver a strong full-year performance after posting record adjusted operating profit in its interim results. Science Group, which noted that it had booked a £24.0m exceptional pre-tax gain, stated that despite subdued sentiment in parts of the market, overall trading was in line with expectations, with a recovery in R&D services, particularly in the medical sector, progressing as planned.

Full-year adjusted operating profits were expected to land in line or slightly ahead of internal forecasts.

The London-listed firm added that as of 30 September, gross cash stood at £77.6m and net funds at £66.0m, after dividend and tax payments.

As of 1020 BST, Science Group shares were up 0.09% at 553p.





Reporting by Iain Gilbert at Sharecast.com