StockMarketWire.com - Identity data intelligence specialist GB Group posted a 10% rise in profits as revenues grew by a fifth as the company benefited from a growing customer base and a wider geographical reach.

For the year ended 31 March 2019, pre-tax profits rose 10% to £14.7 and revenues increased by 20% to £143.5m.

International revenues grew from 34% to 45% of total revenue amid 'encouraging' performance from North America and Asia Pacific, the company said.

The company also won key contracts across its chosen geographies from Discover Financial Services, N26, Bosch, BNI, Kohls and eBay.

The company proposed a final dividend of 2.99p a share, up 12.8% on last year.

GB Group said trading in the new financial year was in line with its expectations.

'This was another good year for GBG. 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,' said Chris Clark, CEO.


At 9:12am: [LON:GBG] GB Group PLC share price was +16.5p at 620.5p



Story provided by StockMarketWire.com