by Ian Walker
Science Group plc said on Friday that performance across all units continues to be positive and the company’s performance is in line with or slightly above recent guidance.
The London-listed science and technology consulting company said it expected to report another strong operating performance for this year.
On October 11, Science Group raised its full-year guidance for the third time, citing a resilient business performance and the Frontier Smart Technologies acquisition in 2019.
Companymoney did not provide any actual numbers. However, at the time adjusted operating profit — one of the company’s preferred metrics that separates extraordinary and other one-time items — was estimated at £14 million ($19.1 million) for the year ended December 31, which was estimated at £14 million ($19.1 million). Was taken from FactSet. and based on the forecast of Stifel Nichols. This compares with GBP10.9 million in 2020.
Science Group on Friday said it has bought Taiwan-based Internet radio-technology specialist Magic Systec Inc for $4 million in cash.
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