5th Jun 2019 08:45
LONDON (Alliance News) - GB Group PLC hiked its annual dividend Wednesday after profit and revenue rose in a "good" year for the identity data firm.
For the year ended March, pretax profit widened 9.7% to GBP14.7 million from GBP13.4 million the year prior, this was after revenue rose 20% to GBP143.5 million from GBP119.7 million the year before.
Profit performance was held back by a rise in acquired intangibles amortisation to GBP10.3 million from GBP7.9 million the year prior.
"This was another good year for GB Group," GB Chief Executive Officer Chris Clark said. "The continued investment in our three core solutions led to exciting product innovation and deeper geographical reach. Our strong growth and track record of delivery is a testament to our commitment to customer value and the expansion of our global presence through organic developments and strategic acquisitions."
GB proposed a 2.99 pence per share final and full year dividend, up 13% from 2.65p the year prior.
"We remain committed to developing world class products and making the most of the significant market opportunities ahead," Clark added. "As a global business, with a well-defined strategy, we are confident in our future growth and our ambition to become the leading provider of identity data intelligence solutions."
Shares in GB were 1.9% higher at 615.50 pence on Wednesday.
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