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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

February 09 2015

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