Chester-based identity data intelligence specialist, GB Group, has announced revenues of 52.6m for the six months ended 30 September 2017, prior to the release of its half year results.
Revenue in the first half of the year grew by 40% to £52.6m, and the board expects to report adjusted operating profit for the half year in excess of £10m, an increase of over 90% on last year.
The group’s recent acquisitions continue to perform well and have contributed towards its international expansion.
GBG DecTech, GBG Loqate, IDscan and the latest acquisition PCA Predict, have all had a strong first half, increasing the company’s international presence.
The Group says it has continued to trade strongly in the first half of the financial year and remains well positioned to meet the growing demand for identity data intelligence products.
Chris Clark, CEO of GBG commented: “The performance of GBG since the beginning of April has been very encouraging. The PCA Predict acquisition completed successfully in May and the business has integrated well into the Group, giving us new growth opportunities.
“Looking forward to the second half, we again have high visibility (over 70%) of our full year revenues and continue to grow well in the UK and internationally.”
The Group intends to publish its half year results on 28th November 2017.
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