Source - Alliance News

System1 Group PLC on Wednesday reported a rise in quarterly revenue and profit, in line with management expectations

Shares were down 10% at 390.00 pence each on Wednesday morning in London.

The London-based marketing and brand consultancy company said revenue in the three months that ended in December, its financial third quarter, was £6.5 million, up 8% from a year before.

Data products represented 43% of the quarter’s revenue, System1 continued.

Year-to-date revenue to the end of the third quarter was 17% higher than the £18.9 million recorded a year before.

Data revenue represented 39% of the year-to-date total, up from 26% at half-year, it said.

System1’s profitability was in line with the company’s expectations and reflected more spending on ‘people and platform’, it said.

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