29th Jul 2015 09:06
LONDON (Alliance News) - Identity data company GB Group PLC on Wednesday said it has made a good start to its current financial year and is on track to meet market expectations for revenue growth.
GB said it has improved its profitability in the first quarter to the end of June, boosted by investments made by the company in reducing operating costs to back its international expansion plans and its work on the Gov.UK Verify service for the UK government.
The group said all of its recent acquisitions have been integrated and are performing well and said it is on the look out for further deals.
"We have enjoyed a strong start to the year as we continue to pursue and grow our leading position in the global identity data intelligence market. Our strategies are progressing to plan and, together with a healthy pipeline of opportunities and high levels of recurring revenue, we have confidence in maintaining our growth profile and providing increased value for our shareholders," said David Rasche, GB's chairman.
Shares in GB were up 3.8% to 225.00 pence on Wednesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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