Business
Half Year Trading Update and
Half Year Trading Update and.
About this update from Gb Group Plc
[{"type":"text","content":"\n RNS Number : 5125U GB Group PLC 18 October 2010 \n \n\n \n \n\n\n\n\nEmbargoed until 7.00 a.m.\n\n\n18 October 2010\n\n\n\n\n \nGB GROUP PLC \n(\"GB\" or the \"Group\")\n \nHALF YEAR TRADING UPDATE AND NOTICE OF RESULTS\n \nGB Group, the UK's leading identity management business, today provides the following update ahead of the publication of financial results for the six months ended 30 September 2010.\n \nThe Group traded strongly throughout the first half of the financial year and expects to announce profitability substantially higher than previous expectations. \n \nThe highlights are as follows:\n \n· Group revenue increased by 10% to £11.5 million (2009: £10.5 million).\n \n· Group profit before interest, taxation, exceptional costs and share-based payments is expected to be\n approximately £740,000 (2009: £300,000).\n \n· DataSolutions, provider of identity based marketing services, showed strong growth from its specialised\n online services which are increasingly differentiated using unique technology and first class data sources.\n \n· DataAuthentication, the identity verification business, continued to show modest underlying growth,\n benefiting in particular from a widening of its client base. \n \n· Both DataSolutions and DataAuthentication benefited from investment over recent periods to enhance the\n Group's sales resource. \n \n· GB's cash balances remain robust and cash balances at 30 September 2010 were £4.6 million (2009: £4.3\n million) after the payment of the increased final dividend of 1.2p per share in August 2010 amounting to\n £1.0 million (2009: £0.9 million).\n \nOutlook\n \nGB has traded well in the first half of this year. On the basis of a continuing positive performance, the Board expects to report profits for the full year ahead of ...