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IN BRIEF: Scholium swings to interim profit on 35% rise in revenue

Wed, 24th Nov 2021 16:37

Scholium Group PLC - London-based rare books, arts and collectibles - Swings to pretax profit of GBP135,000 in six months to end-September from GBP158,000 loss a year ago. Revenue rises 35% to GBP4.2 million from GBP3.1 million. Says it intends to provide dividend "as soon as practicable". Says it is optimistic about second half trading.

"The group is continuing to focus its efforts on its various online platforms, as well as maintaining contact with clients remotely via email and telephone. This is now being augmented with face to face contact in the group's premises and at trade fairs with clients now able to travel with fewer restrictions," company says.

Current stock price: 35.00p, up 17%

Year-to-date change: down 1.4%

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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