System1 forecasts higher adjusted profit; to reinstate buyback | 21 April 2021
21 April 2021 | 09:12am StockMarketWire.com - Advertising effectiveness agency System1 said it expected post a higher adjusted annual profit following a recovery in second-half sales. The company said it would resume a share buyback programme but held off on reinstating its dividend. Adjusted profit, which excludes impairment, share-based payments, government support, bonuses, loan interest and certain provisions, for the year through March was seen rising to £2.9 million, up from £2.0 million year-on-year. Revenune was expected to fall 11%, following an 8% year-on-year improvement in the s...
Source: stockmarketwire.com