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LONDON (Alliance News) - Rare and collectible books seller Scholium Group PLC on Friday said revenue in the financial year to the end of March was materially higher year-on-year and it now expects to break even on a pretax level in that year.
Scholum said its Shapero Rare Books business has continued to trade well, with its Modern & Contemporary division now providing a valuable revenue stream.
Scholium Trading also performed well through the year, supporting a number of deals on higher value items.
"The second half of the year continued the welcome trend that started in the first half of the year - the market in our core areas of expertise has stabilised. We look forward to the new year with a strong balance sheet in a market which, we believe, will provide opportunities for growth either organically or by the acquisition of teams," said Chairman Jasper Allen.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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