StockMarketWire.com - Identity data intelligence group GB delivered better-than-expected first-half results as profit more than doubled following a jump in revenue amid strong organic growth and acquisitions.

For the six months ended 30 September 2019, pre-tax profit more than doubled to £8.6m from £3.6m on-year as revenue surged 62% to £94.3m.

Adjusted operating profit jumped 119% of £21.5m.

Revenue and adjusted operating profit were both £0.6m ahead of the performance detailed in the pre-close trading update issued on 24 October 2019, the company said.

Revenue growth was driven by recent acquisitions and the favourable timing of some contracts for its fraud division, which were completed in the first six months, it added.

Looking ahead, GB said it remained 'confident' about meeting full-year consensus for revenue and profit.


At 9:23am: [LON:GBG] GB Group PLC share price was +4.5p at 668.5p



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