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System1 sees first-half adjusted profit rising 24%

By BFN News | 07:19 AM | Monday 14 October, 2019


Marketing services group System1 said it expected to post a 24% increase in adjusted first-half profit. Normalised profit, which excluded investments in the company's AdRatings business and share-based payments to management, was seen rising to around £2.4m. Gross profit was expected to rise by a more modest 7%, or by 4% on a constant currency basis. System1 said its operating costs were well controlled, benefiting from an ongoing drive to increase efficiency across the business. A total of £1.2m, modestly below budget, was invested in further expanding our AdRatings asset. Story provided by StockMarketWire.com

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