Business
Interim Trading Update
Interim Trading Update.
About this update from Gb Group Plc
[{"type":"text","content":"\n RNS Number : 4393F GB Group PLC 09 October 2008 \n \nEmbargoed until 7.00am\n\n9 October 2008\n\nGB GROUP PLC \n('GB' or 'the Group')\n\nINTERIM TRADING UPDATE \n\n\nGB is today providing a trading update for the six months ended 30 September 2008 in advance of its interim results announcement which is scheduled for 26 November 2008. \n\nThe Group has traded well and profitably throughout the first half of the financial year as follows:\n\n\n\nGB continues to build on its lead in the identity management market\n\n\n\n\n\nThe Group has enjoyed strong growth in revenues and improved profitability\n\n\n\n\n\nLike-for-like* revenue is expected to be approximately £11.2 million (2007: £7.9 million)\n\n\n\n\n\nLike-for-like* Group profit before taxation and share-based payments is expected to be approximately £0.3 million (2007: £0.93 million loss)\n\n\n\n\n\nGB's operations were cash generative during the period. Cash balances at 30 September 2008 were £4.2 million (2007: £4.08 million) after the payment of the increased final dividend of 1p per share in July 2008 amounting to £0.85 million\n\n\n\n\n* Like-for-like revenue and profit does not include revenue of £0.35 million and profit of £0.33 million from a one-off settlement for licence arrears in the first quarter of 2008.\n\n- Ends -\n\n\n\n\n\nGB Group plc\n\n\n01244 657333\n\n\n\n\nRichard Law, Chief Executive\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWeber Shandwick Financial \nRachel Martin\nClare Perks \n\n\n020 7067 0700\n\n\n\n\n\n\n\n\n\n\n\n\nWebsite\n\n\n\nwww.gb.co.uk\n\n\n\n\n\nNotes to Editors\nAbout GB Group plc\n \nGB believes that identity matters. Specialising in understanding consumer identity, GB enables its clients to make more informed business decisions and to communicate and interact more effectively with its customers through a deeper understanding of their identity and behaviour. Utilising its proprietary technology, GB can protect, predict and provide information that is used to maximise customer value for some of the UK's largest organisations.\n\nGB offers solutions that assist organisations to capitalise on the value...