Business
Financial results to 31 March 2019
Financial results to 31 March 2019.
About this update from System1 Group Plc
[{"type":"text","content":"\n \nRNS Number : 3040B System1 Group PLC 06 June 2019 \n\n \n \n \n \n\n\n\n\nPress Release \n\n\n6 June 2019\n\n\n\n\n \n \nSystem1 Group PLC (AIM: SYS1)\n (\"System1\" or \"the Group\" or \"the Company\")\n \n \nFinancial results to 31 March 2019\n \n \nSystem1, the international marketing and market research agency, today announces its results for the 12 month period ended 31 March 2019.\n \nAs previously announced, the Company is making a significant investment in a new business line \"AdRatings\" and, for ease of prior year comparisons, is splitting its results into the existing business (\"Consulting\") and AdRatings.\n \n\n\n\n\n12 months ended 31 March\n\n\n2018/19\n\n\n2017/18\n\n\n\n\n£m\n\n\nConsulting\n\n\nAdRatings\n\n\nTotal\n\n\n \n\n\n\n\nRevenue\n\n\n26.90\n\n\n-\n\n\n26.90\n\n\n26.94\n\n\n\n\nGross Profit\n\n\n22.05\n\n\n-\n\n\n22.05\n\n\n22.23\n\n\n\n\nUnderlying Overheads\n\n\n(18.35)\n\n\n(2.22)\n\n\n(20.57)\n\n\n(20.18)\n\n\n\n\nUnderlying Profit Before Tax/(Loss)\n\n\n3.70\n\n\n(2.22)\n\n\n1.48\n\n\n2.05\n\n\n\n\nShare Based Payments*\n\n\n0.20\n\n\n-\n\n\n0.20\n\n\n(0.07)\n\n\n\n\nExceptional Credit*\n\n\n0.25\n\n\n-\n\n\n0.25\n\n\n-\n\n\n\n\nFinance income\n\n\n-\n\n\n-\n\n\n-\n\n\n0.01\n\n\n\n\nProfit Before Tax/(Loss)\n\n\n4.15\n\n\n(2.22)\n\n\n1.93\n\n\n1.99\n\n\n\n\n \n* See notes 10 and 25\n \n \nHighlights\n\n\n\n\n· Revenue flat at £26.90m, flat in constant currency\n\n\n \n\n\n\n\n· 1% decline in Gross Profit to £22.05m (2017/18: £22.23m), 1% in constant currency\n\n\n \n\n\n\n\n· 80% growth in Underlying Profit Before Tax (excluding AdRatings) to £3.70m (2017/18: £2.05m)\n\n\n \n\n\n\n\n· Profit Before Tax (including AdRatings) stable at £1.93m (2017/18: £1.99m)\n\n\n\n\n· 4% growth in Profit After Tax (including AdRatings) to £1.26m (2017/18: £1.21m)\n\n\n \n\n\n\n\n· 3% growth in diluted Earnings Per Share to 9.8p (2017/18: 9.5p)\n\n\n \n\n\n\n\n· £3.03m investment in AdRatings, of which £0.81m has been capitalised and £2.22m expensed\n\n\n \n\n\n\n\n· &nbs...