Scholium operating at a loss amid pandemic
Scholium Group
39.00p
16:55 24/04/24
Scholium Group updated the market in light of the ongoing Covid-19 coronavirus pandemic on Tuesday, reporting that it was currently operating at a loss while trading by distance.
General Retailers
3,903.24
08:05 25/04/24
The AIM-traded firm said that, while the Shapero Rare Books' retail premises was not open to visitors, it was - in common with Scholium Trading and Mayfair Philatelics - maintaining a reduced level of trading over the internet and by telephone.
“As a result, and taking into account various cost savings that have been achieved by the board, including the furloughing of several members of staff, the group as a whole is currently trading at a small monthly loss,” the board said in its statement.
The company said its stock was currently in excess of £8m, and cash at the end of March totalled more than £0.27m.