StockMarketWire.com - Rare books retailer Scholium swung to a small first-half profit, owing to higher sales at its Shapero rare books unit and Mayfair stamps business.

Pre-tax profit for the six months through September amounted to £64k, compared to a loss of £56k on-year.

Revenue rose 9.6% to £3.6m and gross margin improved to 38%, up from 36%.

Chairman Jasper Allen said the return to profit was encouraging, given the challenging retail environment, and said the company had 'continued to trade satisfactorily' since the end of September.

'The group intends to build on the recent improved results by exhibiting at more art fairs in the second half of the year,' Allen said.


At 9:23am: [LON:SCHO] Scholium Group Plc share price was 0p at 39.5p



Story provided by StockMarketWire.com