Business
Half Yearly Report
Half Yearly Report.
About this update from Gb Group Plc
[{"type":"text","content":"\n \nRNS Number : 6554X GB Group PLC 28 November 2017 \n\n \n \n\n\n\n\nEmbargoed until 7.00 a.m.\n\n\n28th November 2017\n\n\n\n\n \nGB GROUP PLC \n(\"GBG\", the \"Group\" or the \"Company\")\n \nHALF YEAR RESULTS FOR SIX MONTHS ENDED 30 SEPTEMBER 2017\n \nInternational expansion and organic growth drive rise in profitability\n \nGB Group plc (AIM: GBG), the global identity data intelligence specialist, announces its unaudited results for the six months ended 30 September 2017.\n \nFinancial highlights\n\n\n\n\n\n\n\n2017\n\n\n2016\n\n\n%change\n\n\n\n\nRevenue\n\n\n£52.6m\n\n\n£37.5m\n\n\n+40%\n\n\n\n\nAdjusted operating profits†\n\n\n£10.4m\n\n\n£5.2m\n\n\n+101%\n\n\n\n\nAdjusted basic earnings per share‡\n\n\n6.1p\n\n\n3.6p\n\n\n+69%\n\n\n\n\nProfit after tax\n\n\n£2.4m\n\n\n£1.2m\n\n\n+98%\n\n\n\n\nDeferred revenue balances\n\n\n£23.7m\n\n\n£15.5m\n\n\n+53%\n\n\n\n\nNet assets\n\n\n£149.2m\n\n\n£82.8m\n\n\n+80%\n\n\n\n\nNet cash/(debt)††\n\n\n£4.1m\n\n\n£(4.0)m\n\n\n+201%\n\n\n\n\n \nOperational highlights and outlook\n \n\n\n\n\nNew contract wins and international expansion drive organic growth\n\n\n \n· International revenues increased by 36% to £15.9 million. \n \n\n\n\n\n \n· Growing global footprint and strengthening international brand: continued expansion throughout APAC, USA and EMEA regions.\n \n\n\n\n\n \n· New customer wins during the period in the UK include NFU Mutual and Sky and internationally, LEGO and KBC Ireland.\n \n\n\n\n\nAcquisition integration and performance\n\n\n \n· Acquisition of PCA Predict positions GBG as a leader of UK and international address validation services.\n \n\n\n\n\n \n· PCA Predict delivering growth opportunities.\n \n\n\n\n\nSenior appointments\n\n\n \n· During the period two Executive Team appointments were announced adding strength to the Group's focus on customers and innovation.\n \n\n\n\n\n \nPositive outlook\n\n\n \n· Full year results (revenue and profit) expected to be in line with market consensus.\n \n\n\n\n\n \nChris Clark, CEO, commented, \n\"I am very encouraged by the progress we have made since April and by the fa...