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Investegate |Science Group PLC Announcements | Science Group PLC: Result of AGM


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Science Group swings to profit amid revenue beat | 9 March 2021


9 March 2021 | 08:57am
StockMarketWire.com - Consultancy firm Science Group swung to a full-year profit that it said exceeded expectations after sales were boosted its acquisition of radio chip group Frontier Smart Technologies.
Pre-tax profit for the year through December amounted to £6.4 million, compared to a year-on-year loss of £1.6 million, as revenue climbed 29% to £73.7 million.
Adjusted operating profit jumped 62% to £10.9 million and the company declared a full-year dividend of 4p per share.
The board is optimistic for the continued progress of the group in 2021, and has experienced a good start to the current year whilst remaining mindful of the ongoing economic uncertainty, chairman Martyn Ratcliffe said. ....

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