12th Aug 2014 07:39
LONDON (Alliance News) - Identity intelligence company GB Group PLC Tuesday reported a strong start to the year and said that it is confident for growth in the full-year after seeing increasing demand for its identity intelligence services both in the UK and globally.
In a statement ahead of its annual general meeting Tuesday the AIM-listed company said that its strong start was also supported by its acquisition DecTech in April, which has brought greater scale, technical capability and geographical benefits to the company. "We have been very pleased by the success of the integration of the business to date and by the pipeline of new business," said Chairman David Rasche.
The year has begun well, with continued growth in demand for the company's identity intelligence services in the UK and globally, Rasche said, buoying the firm to remain confident for growth through the full-year.
"Our priorities for the year are the continued internationalisation of our product portfolio, making sure that we continue to invest wisely and improving our margins," said the chairman.
Cash balances at the end of July were GBP9.7 million.
As previously announced, the board has recommended an increased final dividend of 1.65 pence per share, a 10% increase on the previous year, set to be submitted for formal approval at the AGM Tuesday.
The group is set to announce its half-year results for the six months to September 30, 2014 in late November 2014.
Shares in GB Group were trading marginally higher shortly after the market open Tuesday, up 1.02% at 148.00 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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