Source - LSE Regulatory
RNS Number : 0698O
Scholium Group PLC
08 June 2022
 

8 June 2022   

                                                                                                                 

Scholium Group plc

 

Trading update

 

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 

The Directors of Scholium Group plc (the "Group") are pleased to provide an update on trading for the 12 months ended 31 March 2022.

 

Following on from the profitable interim period ended September 2021 the Group has continued to trade profitably for the six months ended 31st March 2022.

 

The Board has taken the decision to close the Mayfair Philatelics business. A provision for any residual costs and charges arising from its closure is expected to be charged to the year-ended 31 March 2022 as a discontinued business expense.

 

The Group remains well capitalised with over £9.3 million of stock and cash of £0.7 million at 31 March 2022.

 

The Directors expect to release the preliminary statement relating to the results for the year ended 31 March 2022 by the end of August 2022.

 

 

For further information please visit www.scholiumgroup.com or contact:

Scholium Group plc

David Harland, Chairman              

Bernard Shapero, Chief Executive Director

Philip Tansey, Finance Director

 

+44 (0)20 7493 0876

WH Ireland Ltd - Nominated Adviser

Chris Fielding   

Megan Liddell                        

+44 (020) 7220 1666

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTSSEFAWEESEEM
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Scholium Group PLC (SCHO)

-3.80p (-10.56%)
delayed 15:57PM