Business
Interim results for 6 months ended 30 June 2022
Interim results for 6 months ended 30 June 2022.
About this update from Science Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 25 July 2022\n \n \n \n \n \n \n \n \n \n \n \n SCIENCE GROUP PLC\n \n \n \n \n \n \n ('Science Group', the 'Group' or the 'Company')\n \n \n \n \n \n \n INTERIM RESULTS\n \n \n \n \n FOR THE SIX MONTH PERIOD ENDED 30 JUNE 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n Summary\n \n \n \n \n \n \n · \n Record H1 results, slightly ahead of the Board's expectations\n \n \n \n \n \n · \n Revenue growth of 10% to £44.8m (H1 2021: £40.7m)\n \n \n \n \n \n · \n Adjusted* operating profit increased by 22% to £8.8m (H1 2021: £7.3m)\n \n \n \n \n \n · \n Adjusted* basic EPS growth of 10% to 14.6 pence (H1 2021: 13.3 pence)\n \n \n \n \n \n · \n The Group continues to actively manage its strategic investment in TP Group\n \n \n \n \n \n · \n Balance sheet remains very strong with Group cash of £38.6m and net funds of £23.9m (H1 2021: £29.0m and £13.0m)\n \n \n \n \n \n · \n On track for another record year in 2022, despite the deteriorating economic outlook, with Science Group benefitting from sector diversification and a strong US Dollar\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Science Group plc\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Martyn Ratcliffe, Chairman\n \n \n Jon Brett, Group Finance Director\n \n \n \n \n Tel: +44 (0) 1223 875 200\n \n \n \n \n www.sciencegroup.com\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Nick Adams, Alex Price\n \n \n \n \n Tel: +44 (0) 20 7710 7600\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Liberum Capital Limited (Joint Broker)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Neil Patel, Cameron Duncan\n \n \n \n \n Tel: +44 (0) 20 3100 2000\n \n \n \n \n \n \n \n \n \n \n \n * Alternative performance measures are provided in order to enhance the shareholders' ability to evaluate and analyse the underlying financial ...