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(Sharecast News) - Science Group reported adjusted operating profit of 11.5m for the first half on Monday, up from 11.3m, while its adjusted operating margin rose to 24.3% from 19.7%.
Adjusted basic earnings per share increased to 20.4p from 19.3p, although core revenue fell to 46.4m from 48.7m and total revenue declined to 47.2m from 57.2m following the managed reduction of low-margin pass-through defence work.
The AIM-traded group generated 10.7m of operating cash and ended June with 67.9m of cash and net funds of 56.8m after returning 26.3m to shareholders over the past year.
It expects sequential growth in the second half, led by its Services division, and said its 2026 share buyback programme was likely to exceed 20m.
At 1124 BST, shares in Science Group were up 0.51% at 590p.
Reporting by Josh White for Sharecast.com.
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