By Iain Gilbert
Date: Thursday 14 Jan 2021
LONDON (ShareCast) - (Sharecast News) - Performance nutrition company Science in Sport said on Thursday that it "performed well" in 2020, delivering an adjusted underlying earnings profit of £1.1m.
SIS said its online business grew by 39% to £25.0m in the year, with its fourth-quarter performance up 65% higher year-on-year.
The AIM-listed group also noted that while the Covid-19 pandemic adversely affected its retail business, total revenues of £50.3m were still in line with the previous year.
A step-change in gross margin was also achieved, moving up five percentage points year-on-year to 49%.
Chief executive Stephen Moon said: "Delivering a robust EBITDA profit was a key goal for the year, and this was achieved through a focus on developing our fundamental building blocks of long-term profitable growth.
"Whilst it is too early to reinstate market guidance, given the current Covid-19 lockdown, we are well funded and remain very optimistic about the long term growth prospects for the group."
As of 1130 GMT, Science in Sport shares were up 1.28% 39.50p.
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Currency | UK Pounds |
Share Price | 18.10p |
Change Today | 0.85p |
% Change | 4.93 % |
52 Week High | 18.50p |
52 Week Low | 11.50p |
Volume | 632,348 |
Shares Issued | 182.27m |
Market Cap | £32.99m |
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Price Trend |
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No dividends found |
Time | Volume / Share Price |
17:07 | 100,000 @ 18.10p |
16:35 | 3,936 @ 18.10p |
16:35 | 36 @ 18.10p |
16:35 | 3,900 @ 18.10p |
16:29 | 100,000 @ 18.38p |
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