20th Oct 2014 07:29
LONDON (Alliance News) - Identity intelligence company GB Group PLC Monday said it expects its half-year results to show strong growth in operating profit and expects the performance to continue into the second half.
GB said it expects adjusted operating profit in the half year to the end of September to hit GBP3.7 million at least, a rise of more than 40% on the GBP2.6 million posted a year earlier.
Chief Executive Richard Law said its performance in the first half was strong across all divisions, adding the integration of Australian group DecTech Solutions Pty Ltd, acquired in April for GBP20.5 million, was progressing well.
He added the company expects its second half to continue the strong performance on the back of the acquisition of CDMS Ltd, which trades as Transactis, in a GBP6 million deal announced last week.
GB shares rose 4.6% to 147 pence in early trade Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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