System1 moves up as business stabilises

By
0 mins. to read
System1 moves up as business stabilises
Master Investor Magazine

Never miss an issue of Master Investor Magazine – sign-up now for free!

Read the latest Master Investor Magazine

AIM-listed marketing services firm System1 (LON:SYS1) saw its share price rise by 6.6% to 210p (as of 13:45 BST) following an update for the 12 months ended 31st March. The company said that its consulting business had stabilised after a tough 2017/18. Gross profits for the full year were still down by 1%, but there was a 4% increase during the second half.

Profits before tax were almost 80% higher than in the previous year and management said that they will continue to invest in its AdRatings subscription service which is planned to launch later this week.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

YOUR FREE INVESTMENT MAG

Get real investment insights from some of the best minds in the business - with our free Master Investor Magazine.