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.