Business
Audited results for year ended 31 December 2015
Audited results for year ended 31 December 2015.
About this update from Science Group Plc
[{"type":"text","content":"\n \nRNS Number : 8696Q Science Group PLC 03 March 2016 \n\n \n \n\n\n\n\n \n\n\n3 March 2016\n\n\n\n\n \nSCIENCE GROUP PLC\n \n \nAUDITED RESULTS\nFOR THE YEAR ENDED 31 DECEMBER 2015\n \nScience Group plc ('Science Group' or the 'Group' or the 'Company'), formerly Sagentia Group plc, reports its audited results for the year ended 31 December 2015.\n \nOperational highlights\n· Satisfactory operating performance\n· Significant strategic development of the Group\n· Acquisition of Oakland Innovation in February 2015\n· Acquisition of the business and assets of Leatherhead Research in September 2015\n· Acquisition of Epsom freehold property to create second major UK office/laboratory site\n \n Financial summary\n· Group revenue of £31.2 million (2014: £28.3 million) \n· Adjusted* operating profit of £5.3 million (2014: £5.4 million)\n· Statutory operating profit of £2.7 million (2014: £4.7 million) after exceptional costs* of £2.6 million (2014: \n £0.7 million) \n· Operating cash inflow of £4.9 million (2014 : £4.9 million)\n· Basic EPS of 7.2 pence (2014 : 8.9 pence) due to net tax credit in the year\n· Proposed dividend of 4.0 pence per share (2014: 4.0 pence)\n \n \n \n\n\n\n\nScience Group plc\n\n\n \n\n\n\n\nMartyn Ratcliffe, Chairman\nRebecca Hemsted, Finance Director\n\n\nTel: +44 (0) 1223 875 200\nwww.sciencegroup.com\n\n\n\n\n \n\n\n \n\n\n\n\nNumis Securities\n\n\n \n\n\n\n\nNominated Adviser: Paul Gillam / Simon Willis\nCorporate Broking: Michael Burke\n\n\nTel: +44 (0) 207 260 1000\n\n\n\n\n \n* Throughout this statement, adjusted operating profit and margin excludes amortisation and impairment of intangible assets, share based payment charges and other exceptional costs.\n \n \nChairman's Statement\nScience Group plc and its subsidiaries report a satisfactory operating performance for the year ended 31 December 2015, a year of significant strategic change for the Group. Overall the Group maintained strong operating margins despite external market and economic factors, acquisition integration and the inherent volat...