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Science Group profit rises 11% despite slide in revenue

By BFN News | 08:29 AM | Wednesday 24 July, 2019


Consultancy company Science Group posted an 11% rise in first-half profit after lower sales were offset by investment gains and the settlement of a legal claim. Pre-tax profit for the six months through June rose to £2.8m, up from £2.5m on-year. Revenue fell 6.1% to £23.6m. Science Group said its results reflected a strong recovery in product development in the commercial sector and continued progress in consulting services, offset by a weaker performance in the medical sector. 'The group's breadth of market sectors and service offerings again provides resilience and stability in the face of market and macroeconomic uncertainty,' the company said. At 8:29am: (LON:SAG) Science Group share price was 0p at 200p Story provided by StockMarketWire.com

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