Business
Preliminary Results
Preliminary Results.
About this update from Gb Group Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Thursday, 16 June 2022\n \n \n \n \n \n \n \n \n \n \n GB GROUP PLC\n \n \n (\"GBG\", \"Group\" or the \"Company\")\n \n \n \n \n \n Preliminary results for the year ended 31 March 2022\n \n \n \n \n \n \n \n \n Strong financial results and significant strategic progress\n \n \n \n \n \n \n GB Group plc (AIM: GBG),\n the experts in digital location, identity verification and fraud software\n , today announces its unaudited results for the year ended 31 March 2022.\n \n \n \n \n \n \n \n \n Financial highlights\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 2021\n \n \n \n \n \n \n % change\n \n \n 2\n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £242.5m\n \n 1\n \n \n \n \n \n £217.7m\n \n \n \n \n 11.4%\n \n \n \n \n \n \n Adjusted\n \n 3\n \n operating profit\n \n \n \n \n £58.8m\n \n \n \n \n £57.9m\n \n \n \n \n 1.6%\n \n \n \n \n \n \n Adjusted\n \n 3\n \n operating profit margin\n \n \n \n \n 24.3%\n \n \n \n \n 26.6%\n \n \n \n \n n/a\n \n \n \n \n \n \n Profit before tax\n \n \n \n \n £21.7m\n \n \n \n \n £34.3m\n \n \n \n \n (36.8)%\n \n \n \n \n \n \n Diluted earnings per share\n \n \n \n \n 6.9p\n \n \n \n \n 13.5p\n \n \n \n \n (48.9)%\n \n \n \n \n \n \n Adjusted\n \n 3\n \n diluted earnings per share (restated)\n \n \n \n \n 20.2p\n \n \n \n \n 22.4p\n \n \n \n \n (9.8)%\n \n \n \n \n \n \n Deferred revenue balance\n \n \n \n \n £58.8m\n \n \n \n \n £42.8m\n \n \n \n \n 37.3%\n \n \n \n \n \n \n Net assets\n \n \n \n \n £787.1m\n \n \n \n \n £364.3m\n \n \n \n \n 116.1%\n \n \n \n \n \n \n Net (debt)/cash\n \n \n \n \n (£107.0)m\n \n \n \n \n £21.1m\n \n \n \n \n n/a\n \n \n \n \n \n \n Final dividend per share\n \n \n \n \n 3.81p\n \n \n \n \n 3.4p\n \n \n \n \n 12.1%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Chris Clark, CEO, commented:\n \n \n \n \n \n \n \n \n \n \"\n \n \n I am proud of the team's performance this year, their focus on delivering critical digital identity solutions with a great customer experience underpins GBG's strong financial results. Our excellent customer advocacy and record team engagement scores highlight each team member's huge contribution towards achieving our success and delivering on the considerable potential in our mar...