Science ( (GB:SAG) ) has shared an announcement.
Science Group plc reported a record adjusted operating profit of £21.5 million for the year ended 31 December 2024, despite a slight decline in revenue to £110.7 million. The company maintained a strong balance sheet with significant cash resources, enabling an investment in Ricardo plc, making Science Group the second largest shareholder. The Group’s Consultancy Division saw a decrease in revenue due to market conditions and strategic refocusing, while its Systems Businesses reported increased revenue and profit. The company plans to continue its share buy-back program and maintain its dividend, reflecting its capital allocation strategy.
More about Science
Science Group plc is an international science and technology consultancy and systems organization. It provides advisory, product development, regulatory, and project management services, leveraging deep technical and scientific expertise across various industry sectors. The Group operates two systems businesses with leading positions in their markets, supported by a strong corporate and shared services infrastructure.
YTD Price Performance: -9.49%
Average Trading Volume: 23,319
Technical Sentiment Signal: Hold
Current Market Cap: £183.1M
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