Business
PRELIMINARY RESULTS FOR THE YEAR ENDED 31 MAR 2023
PRELIMINARY RESULTS FOR THE YEAR ENDED 31 MAR 2023.
About this update from System1 Group Plc
[{"type":"text","content":"\n\n1 August 2023\n \nSystem1 Group PLC (AIM: SYS1)\n (\"System1\" or \"the Group\" or \"the Company\")\n \nPreliminary results for the year ended 31 March 2023\n \nSystem1 Group, the marketing decision-making platform, announces its unaudited preliminary results for the year ended 31 March 2023.\n \nHighlights\n \n\n\n\n\n\n\n2023\n(\"FY23\")\n\n\n2022\n(\"FY22\")\n\n\n \nChange**\n\n\n \n\n\n\n\nManagement Basis*\n\n\n£m\n\n\n£m\n\n\n%\n\n\n \n\n\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\n\nPlatform Revenue (\"Predict & Improve\")\n\n\n17.4\n\n\n12.4\n\n\n40%\n\n\n\n\n\n\n\nOther Revenue (Bespoke consultancy)\n\n\n6.0\n\n\n11.7\n\n\n-48%\n\n\n\n\n\n\n\nTotal Revenue\n\n\n 23.4\n\n\n 24.1 \n\n\n -3%\n\n\n\n\n\n\n\nGross profit\n\n\n 19.7\n\n\n 20.2\n\n\n-2%\n\n\n \n\n\n\n\nAdjusted operating costs\n\n\n (18.9)\n\n\n (19.2)\n\n\n-1%\n\n\n \n\n\n\n\nAdjusted profit before taxation\n\n\n 0.8\n\n\n 1.0\n\n\n-24%\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n2023\n\n\n2022\n\n\nChange**\n\n\n \n\n\n\n\nStatutory Basis\n\n\n£m\n\n\n£m\n\n\n%\n\n\n \n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\n \n\n\n\n\nRevenue\n\n\n 23.4\n\n\n 24.1\n\n\n-3%\n\n\n \n\n\n\n\nGross profit\n\n\n 19.7\n\n\n 20.2\n\n\n-2%\n\n\n \n\n\n\n\nOperating costs\n\n\n (19.3)\n\n\n (19.6)\n\n\n-1%\n\n\n \n\n\n\n\nOther operating income\n\n\n 0.3\n\n\n &n...