Business
Annual Results for the Year Ended 31 March 2017
Annual Results for the Year Ended 31 March 2017.
About this update from Gb Group Plc
[{"type":"text","content":"\n \nRNS Number : 1989H GB Group PLC 06 June 2017 \n\n \n\n\n\n\n\n\n\n6 June 2017\n\n\n\n\n \nGB GROUP PLC \n(\"GBG\", the \"Group\" or the \"Company\")\n \nAnnual Results for the Year Ended 31 March 2017\n \nGBG (AIM: GBG), the identity data intelligence specialist, is pleased to announce its annual results for the year ended 31 March 2017.\n \nFinancial Highlights\n· Revenue growth of 19.2% to £87.5 million (2016: £73.4 million), including organic revenue growth‡ of 12%.\n· 26.6% increase in adjusted† operating profits to £17.0 million (2016: £13.4 million).\n· 23.6% increase in adjusted†† basic earnings per share to 13.1p (2016: 10.6p) and a 10.8% increase in basic earnings per share to 8.2p.\n· 8.2% increase in profit before tax (after exceptional costs) to £10.1 million (2016: £9.3 million).\n· Solid balance sheet and strong cash generation, resulting in cash balances at 31 March 2017 of £17.6 million (2016: £12.4 million)¥.\n· A progressive 13.0% increase to the proposed dividend for 2017 to 2.35 pence per share (2016: 2.08 pence).\n \nOperational Highlights\n· IDscan, which was fully acquired in July 2016, has immediately become accretive for the Group and provides a strong pipeline of growth for the Identity Proofing operating segment.\n· Loqate continues to perform well as a fully integrated part of the Identity Solutions operating segment, also contributing to Group profitability.\n· Strong growth in international revenues, increasing to 31.1% of total revenues (2016: 26.4%).\n· Growing global footprint and strengthening international brand; clients including Citibank and DBS (Development Bank of Singapore) expanded throughout Asia Pacific and BNP Paribas into Europe and South Africa.\n· New business wins with blue chips including Saxo Bank A/S and Lufthansa. \n· Strong visibility for year ahead; deferred revenue balances increased to £19.0 million (2016: £13.8 million). Highly visible revenues are again over 70%.\n·&nb...