GB Group PLC - Identity data intelligence firm - Reports a pretax profit of GBP14.4 million in the six months to September 30, down 3.2% from GBP14.9 million a year before. Attributes this to the costs associated with share-based payments and exceptional items that increased in the period. Says revenue grew 5.4% to GBP109.2 million from GBP103.5 million in the half-year period. States this was due to growth in subscription and transactional revenue as well as strong customer retention. Does not declare an interim dividend, compared to a dividend of 3.00p a year before. Says it is confident in meeting financial expectations for the remainder of the year.
"Looking to the rest of this year we are focussed on executing our plans, optimising the considerable assets now at our disposal and delivering exceptional value to our customers, opportunity to our team members and long-term value to our shareholders," Chief Executive Chris Clark commented.
Current stock price: 784.50 pence
Year-to-date change: down 16%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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Gb Group (GBG)