Science Group shares dipped 1.5% to 387.8p in late afternoon trading on Monday, despite record HY1 results which slightly exceeded board expectations.
The company confirmed revenue growth of 10% to £44.8 million against £40.7 million in HY1 2021, along with an adjusted operating profit climb of 22% to £8.8 million compared to £7.3 million.
Science Group highlighted an adjusted basic EPS increase of 10% to 14.6p from 13.3p the year before.
The firm also noted a strong balance sheet with £38.6 million in cash and net funds of £23.9 million compared to £29 million and £13 million year-on-year, respectively.
Science Group commented it was on track for another record year in FY 2022, with the benefit of sector diversification and a strong US dollar countering the volatile market outlook.