The London-listed science-and-technology consulting company said it expects to report another strong operating performance for this year.
The copmany didn’t provide any actual numbers. However, at that time adjusted operating profit–one of the company’s preferred metrics that strips out exceptional and other one-off items–was forecast to be 14 million pounds ($19.1 million) for the year ending Dec. 31, taken from FactSet and based on a forecast by Stifel Nicolaus. This compares with GBP10.9 million in 2020.
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Science Group said Friday that it has bought Taiwan-based internet radio-technology specialist Magic Systech Inc. for $4 million in cash.
Science Group PLC said Friday that performance in all units continues positively and that the company’s performance remains in line with or slightly above recent guidance.
Science Group on Oct. 11 raised its full-year guidance for the third time, citing a resilient business performance and the Frontier Smart Technologies acquisition in 2019.