Proactive Investors - Run By Investors For Investors

The books are looking good for Scholium

The antique and rare book trader reported healthy trading and strong cash reserves.
Antique books on a shelf
Scholium Trading, which supports dealer trade, had a good year

Scholium Group PLC (LON:SCHO) reported that revenue was materially ahead of the previous year in a trading update released Friday.

As a result, the antique and rare book trader expects pre-tax profits to be broadly break even.

The group ended the year with net assets in excess of £10mln, including cash of approximately £1.3mln. Growth was achieved without significant use of cash resources, it said.

Scholium Trading, which supports dealer trade in higher value items, had a good year working alongside a number of dealers.

“The return on capital employed in this business has validated our investment in it,” reported the company.

“We look forward to the new year with a strong balance sheet in a market which, we believe, will provide opportunities for growth either organically or by the acquisition of teams,” said chairman Jasper Allen.

A preliminary statement ahead of full year results is expected in July.

Shares rose 7.4% to 42.45p. 

View full SCHO profile View Profile

Scholium Group Plc Timeline

Newswire
February 09 2015

Related Articles

drainpipes
Thu
Company is looking for more acquisitions after integration of Metro Rod
medical imaging graphic
Fri
Here we take a closer look at the imaging and diagnostics firm IQ-AI Limited (LON:IQAI)
H&T
Tue
"The group's performance over the past three years demonstrates the continuing success of our strategy to access more customers and markets," said chief executive John Nichols.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use