30th Jun 2020 16:12
System1 Group PLC - London-based online market research company - Says it has suspended its GBP1.5 million proposed share buyback and cancelled the payment of its final dividend - compared to 6.4p the year prior - as the Covid-19 pandemic has hurt its trading and profit outlook. This comes as it posted a significant dive in its profit for the 12 months ended March 31, 2020. Pretax profit was down to GBP296,000 from GBP1.9 million, with revenue falling to GBP25.5 million from GBP26.9 million. Cash held as at the end of May was GBP3.9 million.
Current stock price: 98.50p
Year-to-date change: down 55%
By Ife Taiwo; [email protected]
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