Science Group plc provides the following trading update ahead of its Annual General Meeting to be held today.
In the first months of 2024, the Group overall is trading in line with the Board’s expectations with Adjusted Operating Profit for the interim period ending 30 June 2024 anticipated to be ahead of the prior year. The Group benefits from business and sector diversity and the resilient first half performance, despite the currently unpredictable political and market environment, provides a good foundation for the year as a whole.
At 31 May 2024, the Group had gross cash of £38.1 million and net funds of £25.4 million. The strong cash position allows the Board to explore corporate opportunities and to continue the share buy-back programme in the second half of the year.
