GB Group

GBG.L (GB0006870611)

GB Group plc is a United Kingdom-based company engaged in the provision of identity data intelligence services. 

Market: London

Fair value: £ 3.10
Discount: N/A
Average yearly return: 47%
Yield: 2.08%
Outperformer

8 June 2016

Identity data specialist GB Group Plc (LON:GBG) has reported 28% revenue growth and profits.

GB Group highlighted that Loqate, a business acquire last April, achieved profitability earlier than expected and helped drive the strong performance.

Group revenue amounted to £73.4mln, up from £57.3mln last year, Pre-tax profit was reported as £9.3mln, up from £5.9mln in the prior year.

A 2.08p dividend is planned, and that will mark a 12.4% increase on last year.