Science Group Plc (SAG.L) Monday said in its trading update for the 9 months ended September 30 that it is confident of delivering fiscal 2025 adjusted operating profit in line or little ahead of the Board expectations.
The scientific and technical consulting services company said that inspite of lower business confidence in certain sectors, it has in general performed in line with expectations. The recovery in its R&D services division, particularly driven by the Medical sector, is progressing as expected, Science Group added.
The company said that at the end of the 9-month period, it has gross cash of 77.6 million pounds and net funds of 66.0 million pounds. Additionally, Science Group said that it has returned 4.4 million pounds to shareholders so far this year through its ongoing share buy-back programme.
On the LSE, SAG.L is up 0.09 percent on Monday's trading at 553.00 pence.
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