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.