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LONDON (Alliance News) - Scholium Group PLC said Thursday that it is in a strong position for its second-half, after taking time and effort to build up its inventory.
Scholium Group is the holding company for a group of companies involved in the retail and trade of rare books, works on paper and fine art.
In a statement released ahead of its annual general meeting Thursday Chairman Jasper Allen said that the company has been applying the capital raised to increasing the Group's stock and trade since admission to trading on March 28 this year.
"It has taken time and effort to judiciously build the stock, and the Group is now in a strong position for the second half of the year with high quality inventory," said Allen.
As of July 31 the company said group aggregate inventories were approximately GBP6.45 million, up from GBP4.67 million at March 31, 2014, which provides a "healthy position going into the second half of the year, traditionally our busier half," said the company.
Interest in the Shapero Rare Books business remains strong, said Scholium, which expects to complete a number of material deals in September.
Shares in Scholium Group were thursday trading 2.50% lower at 78.00 pence per share.
By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance
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