INTERIM REPORT & FINANCIAL STATEMENTS<br />
SIX MONTHS ENDED 30 SEPTEMBER 2019
All posts by webadmin
Scholium Group PLC | Posting of annual report to shareholders
Scholium Group plc Major Shareholding | October 2019
Result of AGM 2019
Scholium Group plc
(“Scholium Group” or the “Company”)
Results of Annual General Meeting
Scholium Group is pleased to announce that the resolutions put to its Annual General Meeting held earlier today, Wednesday 25 September 2019, were duly passed.
The full text of all the resolutions can be found in the Notice of Annual General Meeting contained in the Annual Report and Accounts which is available on the Company’s website, www.scholiumgroup.com
|
|
||||
|
For further information please visit www.scholiumgroup.com or contact:
|
AGM Notice and posting of results 2019
Scholium Group plc
(“Scholium Group” or the “Company”)
Results of AGM
The Directors are pleased to announce that the Annual Report for the year ended 31 March 2019 has now been posted to shareholders.
The Annual Report includes the notice of the Annual General Meeting to be held at 32 St George Street, London W1S 2EA on Wednesday 25 September 2019 at 10.30am and a proxy form if shareholders’ wish to enlist a proxy on their behalf.
These documents are also available on the Group’s website www.scholiumgroup.com.
For further information please visit www.scholiumgroup.com or contact:
Scholium Group plc Jasper Allen, Chairman |
+44 (0)20 7493 0876 |
| WH Ireland Ltd – Nominated Adviser
Chris Fielding |
|
Annual Report & Financial Statements 2019
Preliminary results for the year ended 31 March 2019
Trading Update | May 2019
16 May 2019
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”) provide an update on trading for the 12 months ended 31 March 2019.
The Group made further progress during the six months to 31 March 2019 in developing its three separate revenue streams- Shapero Rare Books, Scholium Trading and Mayfair Philatelics.
The Group anticipates, as a whole, a small profit for the six months to 31 March 2019, which is a modest improvement on the interim pre-tax loss of £56,000 for the six months to 30 September 2018. The Group therefore expects to have traded, similarly to the prior year, at approximately breakeven for the year ended 31 March 2019.
Both Scholium Trading and Mayfair Philatelics performed well; Scholium Trading had a good year, with profits above the previous year, and continues to pursue a number of interesting opportunities. Mayfair Philatelics had a successful second half of the year, achieving a profit for that period with three auctions held during the period, compared to one in the first half year.
Trading in Shapero Rare Books, however, reflected the difficult current retail environment and the overall outcome for the year is expected to be below the prior year.
The Directors expect to release the preliminary statement relating to the results for the year ended 31 March 2019 on Thursday 25 July 2019.
INTERIM REPORT & FINANCIAL STATEMENTS SIX MONTHS ENDED 30 SEPTEMBER 2018
Trading Update | October 2018
Scholium Group plc
(“Scholium” or “Group”)
Trading update
The Directors are pleased to provide an update on trading during the six months ended on 30 September 2018, which has been consistent with their expectations.
The Group’s principal activities, being Shapero Rare Books and Scholium Trading, are expected to have performed broadly in line with their performance in the half year to 30 September 2017.
The Group has incurred a small loss in the first half of the current financial year, due to the trading loss in Mayfair Philatelics. Mayfair Philatelics, which commenced trading in November 2017, has now established an annual calendar of four auctions. However, only one of these auctions takes place in the first six months, whereas three occur in the second half of Scholium’s financial year. The majority of the costs of the second auction in early October 2018 are included in the results to 30 September 2018, with the revenues of c.£100,000, principally comprising commission, included in the Group’s results for the second half.
The Directors note that current expectations for the Group’s trading in the six months to 31 March 2019 should result in an improvement in the Group’s overall performance for the year to 31 March 2019 compared with the prior year.
The Directors anticipate that the results for the six months ended 30 September 2018 will be released on 29 November 2018.
Jasper Allen, Chairman of Scholium, noted:
“We are pleased that the Group has performed in line with the Board’s expectations in the first half and look forward in due course to delivering an improved Group performance compared to the year ended 31 March 2018. The October Mayfair Philatelics auction was a good start to the second half of the year.”
For further information please contact:
Scholium Group plc +44 (0)20 7493 0876
Jasper Allen, Chairman
Peter Floyd, Chief Financial Officer
WH Ireland Ltd – Nominated Adviser +44 (0)20 7220 1666
Chris Fielding
Jessica Cave