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IN BRIEF: System1 tips annual profit rise after improved second half

21st Apr 2021 13:09

System1 Group PLC - London-based online market research company - Says profitability was stronger in second half ended March than in first half as sales picked up faster than adjusted operating costs which were 16% lower than last year in the second half. Expects to report adjusted pretax profit of around GBP2.9 million for financial 2021, up from GBP2.0 million in financial 2020. Annual revenue to be down 11% from GBP25.5 million. Notes second half revenue was 8% higher annually, however.

Current stock price: 246.00 pence, up 29% on Wednesday

Year-to-date change: up 39%

By Eric Cunha; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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