Trading Update
02/05/2018 07:00
2018-05-02T06:00:24.13Zreuters.comtag:reuters.com,2018-05-02:newsml_RSB8093Ma:13TXT This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-05-02T06:00:24.13Z2018-05-02T06:00:24.13Z_UCDP:parsn_lse_10.54.132.131_1.2.37102:REG - Scholium Group PLC - Trading Update2019-06-02T06:00:24.130Z3RSB8093MaREG - Scholium Group PLC - Trading UpdateBook & Magazine Retailers (TRBC level 5)Specialty Retailers (TRBC level 3)Miscellaneous Specialty Retailers (TRBC level 4)Consumer Cyclicals (TRBC level 1)LEGACY: Cyclical Consumer Goods & Services (TRBC)Retailers (TRBC level 2)Western EuropeUnited KingdomEuropeAll RetailSuggested SourcesConsumer Products and ServicesServicesNews AnnouncementsRegulatory Corporate News AnnouncementsCompany NewsEurope daily earnings hits & missesScholium Group PLC RNS Number : 8093M Scholium Group PLC 02 May 2018 Scholium Group plc Trading Update The Directors of Scholium Group plc (the "Group") are pleased to provide an update on trading for the 12 months ended 31 March 2018. This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014. The Group has continued to make progress during the six months to 31 March 2018 and this progress is expected to result in a small profit for the year to 31 March 2018, compared to a loss of £224,000 in the prior year. This profit is achieved after absorbing all of the formation and start-up costs relating to our new division Mayfair Philatelic Auctions Limited. Trading in Shapero Rare Books showed a good improvement overall compared with the prior year, due partly to higher sales and partly to the cost savings implemented. Scholium Trading made a useful contribution albeit slightly below the previous year due to the timing of the sales of certain items delayed into the current financial year. Mayfair Philatelics had a successful first auction in March 2018 with gross sales of approximately £385,000. A further auction is planned for 6 and 7 June 2018. Finally, central costs were reduced by approximately £100,000 during the year. Scholium Group plc Jasper Allen, Chairman Peter Floyd, Chief Financial Officer +44 (0)20 7493 0876 WH Ireland Ltd - Nominated Adviser Chris Fielding/Jessica Cave +44 (0)20 7220 1666 This information is provided by RNS The company news service from the London Stock Exchange END TSTFKDDNABKDAPK