Last checked at 9 Oct 2008 07:00
Embargoed until 7.00am
9 October 2008
GB GROUP PLC
("GB" or "the Group")
INTERIM TRADING UPDATE
GB is today providing a trading update for the six months ended 30 September 2008 in advance of its interim results announcement which is scheduled for 26 November 2008.
The Group has traded well and profitably throughout the first half of the financial year as follows:
GB continues to build on its lead in the identity management market
The Group has enjoyed strong growth in revenues and improved profitability
Like-for-like* revenue is expected to be approximately £11.2 million (2007: £7.9 million)
Like-for-like* Group profit before taxation and share-based payments is expected to be approximately £0.3 million (2007: £0.93 million loss)
GB's operations were cash generative during the period. Cash balances at 30 September 2008 were £4.2 million (2007: £4.08 million) after the payment of the increased final dividend of 1p per share in July 2008 amounting to £0.85 million
* Like-for-like revenue and profit does not include revenue of £0.35 million and profit of £0.33 million from a one-off settlement for licence arrears in the first quarter of 2008.
- Ends -
| GB Group plc | 01244 657333 |
| Richard Law, Chief Executive | |
| Weber Shandwick Financial Rachel Martin Clare Perks | 020 7067 0700 |
| Website | www.gb.co.uk |
Notes to Editors
About GB Group plc
GB believes that identity matters. Specialising in understanding consumer identity, GB enables its clients to make more informed business decisions and to communicate and interact more effectively with its customers through a deeper understanding of their identity and behaviour. Utilising its proprietary technology, GB can protect, predict and provide information that is used to maximise customer value for some of the UK's largest organisations.
GB offers solutions that assist organisations to capitalise on the value of their customers at every point of contact.
GB has three complementary offerings:
Identity Capture and Maintenance (DataIntegrity) - providing accurate contact information
Identity Verification (DataAuthentication) - combating identity fraud, money laundering and under-age gambling
Identity Analysis (DataSolutions) - understanding, targeting and retaining profitable customers
GB is listed on the London Stock Exchange (GBG). For more information, please visit GB's website: www.gb.co.uk.
GB Group - because identity matters™