Business
Interim Results for six month period ended 30/6/20
Interim Results for six month period ended 30/6/20.
About this update from Science Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 2240U\n Science Group PLC\n 28 July 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 28 July 2020\n \n \n \n \n \n \n \n \n \n SCIENCE GROUP PLC\n \n \n \n \n \n ('Science Group', the 'Group' or the 'Company')\n \n \n \n \n \n INTERIM RESULTS\n \n \n \n FOR THE SIX MONTH PERIOD ENDED 30 JUNE 2020\n \n \n \n \n \n \n \n \n \n \n \n \n Summary\n \n \n \n \n \n · \n Strong performance, ahead of the Board's expectations, against the background of the Covid-19 pandemic\n \n \n \n \n \n · \n Group revenue growth of 56% to £36.9m (H1 2019: £23.6m), including first full half-year from Frontier Smart Technologies and organic services growth of 13%\n \n \n \n \n \n · \n Adjusted operating profit increased by 50% to £4.9m (H1 2019: £3.3m)\n \n \n \n \n \n · \n Successful post-acquisition restructuring and turnaround of Frontier Smart Technologies \n \n \n \n \n \n · \n Group organisation evolving to maximise business synergies and scale operations\n \n \n \n \n \n · \n Balance sheet and cash position remain strong providing opportunity for further corporate activity\n \n \n \n \n \n \n \n \n Enquiries:\n \n \n \n \n \n \n Science Group plc\n \n \n \n \n \n \n \n \n \n Martyn Ratcliffe, Chairman\n \n \n \n \n Tel: +44 (0) 1223 875 200\n \n \n \n \n \n \n Rebecca Archer, Finance Director\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 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 Liberum Capital Limited (Joint Broker)\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 \n \n \n MHP Communications\n \n \n \n \n \n \n \n \n \n Reg Hoare, James Bavister, Pete Lambie\n \n \n \n \n Tel: +44 (0) 20 3128 8100\n \n \n \n \n \n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n Interim Results 2020\n \n \n Science Group is an international, science-led services and product development organisation with a significant freehold property asset...