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Scholium Group

  • BY: Andrew Hore |
  • POSTED: 02/07/2015 |

Lower revenues from continuing operations meant that Scholium Group moved into loss in the year to March 2015. 

Revenues generated by the rare books dealer fell from £6.08m to £5.17m but admin expenses were higher. There is no final dividend this year, although there was an interim dividend of 0.5p a share – last year a 1p a share dividend was paid.

Net cash has declined from just over £7m to £2.12m at the end of March 2015. There was a significant cash outflow as creditors were reduced and stocks of books significantly increased – particularly as sales were lower than expected. Just after the year end, Scholium sold its South Kensington business for £146,000.

The problem has been lower sales to Russia and eastern Europe. However, the first quarter of the new financial year was better than the same period last year and June was the best trading month since the company joined Aim. The overall market is not anywhere near its peak levels, though. 

Scholium wants to increase its scale in order to take advantage of being quoted.

The share price was unchanged at 41p. In March 2014, Scholium raised £8m at 100p a share.

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