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(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 GBP6.5 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 GBP18.9 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.
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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