7th Nov 2019 11:50
(Alliance News) - Marketing services firm System1 Group PLC on Thursday held its first half payout after reporting a revenue and profit rise.
In the six months to September 30, revenue rose by 4.2% year-on-year to GBP13.7 million from GBP13.2 million. System1 posted a 32% rise in pretax profit to GBP1.4 million from GBP1.1 million.
Without costs associated with AdRatings, its database which rates television adverts in the UK and the US, pretax profit rose 26% to GBP2.4 million from GBP1.9 million last year.
System1 invested GBP1.2 million in the unit during the period.
System1 held its dividend at 1.1 pence per share.
The company said: "We continue to believe that the business is making progress and in the longer term has high upside potential driven by its AdRatings asset and the more general digitisation of the business.
System 1 shares were flat at 180.00 pence each in London on Thursday morning.
By Eric Cunha; [email protected]
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