1st Jun 2015 09:31
LONDON (Alliance News) - GB Group PLC Monday reported a rise in pretax profit following from two acquisitions in the last financial year, and said it has had a "strong performance" since the start of the new financial year.
The identity data intelligence company reported a 49% rise in pretax profit to GBP5.9 million for the year ended March 31, from a GBP4.0 million profit a year earlier as revenue increased 37% to GBP57.3 million from GBP41.8 million.
Organic revenue growth was 15% with the balance coming from the acquisitions of DecTech and CDMS (Transactis) made during the year.
As a result, GB raised its dividend for the year to 1.85 pence from 1.65 pence, which continues the company's progressive dividend growth, it said.
"We have delivered an impressive year and we have seen a strong performance in the start of the new financial year. As we look to 2016 and beyond, I am confident that we have the right vision, strategy and, most importantly, the right team in place to deliver our key objective of continued profitable growth," said Chief Executive Richard Law.
GB shares were up 2.5% to 208.00 pence per share on Monday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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