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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| System1 Group Plc | LSE:SYS1 | London | Ordinary Share | GB00B1GVQH21 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -30.00 | -6.12% | 460.00 | 450.00 | 470.00 | 490.00 | 455.00 | 490.00 | 6,718 | 16:03:15 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Coml Econ, Sociolog, Ed Resh | 23.41M | 404k | 0.0319 | 144.20 | 58.32M |
From Apr 2019 to Apr 2024
TIDMSYS1
RNS Number : 1970A
System1 Group PLC
10 September 2018
Press Release 10 September 2018
System1 Group PLC (AIM: SYS1)
("System1", or "the Company")
Ad Ratings and Trading Update
System1 announces that it is preparing to launch its new Ad Ratings subscription service later in the current financial year. This service will provide clients with access to a large database of adverts broadcast in the UK and the US which are rated using the Company's advertising effectiveness measures. It will enable clients to compare the effectiveness of their adverts with those of competitors and to correlate advertising effectiveness with media spend.
The Company is investing a significant amount in developing this service, which it views as having strategic importance both in supporting the current business and in broadening the use of its core intellectual property to create new scalable revenue streams. Over H1, the Company will have invested some GBP1.8m and further material investment is planned in H2.
This investment is being undertaken at a time when current business revenues are stabilising, albeit at a slower rate than anticipated. As a result of lower operating costs (excluding Ad Ratings) a return to growth in operating profits vs H1 prior year (again, excluding Ad Ratings) is anticipated. The Company believes that revenues from the Ad Ratings service will begin towards the end of H2.
The Company will be providing its usual trading update soon after its H1 period end (30 September 2018).
The Company can be found at www.system1group.com.
For further information, please contact:
Hot Features
Premium
System1 Group PLC Tel: +44 (0)20 7043
1000
John Kearon, Chief Executive Officer
James Geddes, Chief Financial Officer
Canaccord Genuity Limited Tel: +44 (0)20 7523
8000
Simon Bridges / Emma Gabriel
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTBBGDCXBGBGII
(END) Dow Jones Newswires
September 10, 2018 02:00 ET (06:00 GMT)
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