StockMarketWire.com - Consultancy firm Science Group posted a 26% in annual profit after sales were boosted by its acquisition of TSG and currency tailwinds.

Pre-tax profit for the year through December rose to £4.9m, as revenue increased 19% to £48.7m.

The company held its annual dividend steady at 4.6p per share.

'The current year has started satisfactorily across most business areas, although the US regulatory operations were significantly impacted by the protracted government shutdown in January,' Science Group said.

'In the current environment, characterised by the ongoing Brexit negotiations but also reflecting wider political and economic uncertainty, the board remains cautious.'

'From an operational perspective, Brexit offers both risks and opportunities for the group with considerable variability between the effect on the Group's service offerings and market sectors.'

'One potentially volatile factor derived from the current political environment, which affects all international trading organisations, is the exchange rate of foreign currencies relative to sterling.'

'The US dollar and, to a lesser extent, the euro conversion rates are particularly relevant to Science Group and may experience significant movements.'

'The board will monitor and evolve the Group's business activities to maximise opportunities and mitigate risks.'


At 8:33am: [LON:SAG] Science Group share price was -4p at 205p



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