GB Group predicts £9.1m rise in revenue

Identity intelligence company GB Group is expecting to hit year-on-year growth of 39% when it releases its full half-year results in December.

The firm, which has offices in Chester and Liverpool, predicts that its revenue will rise to £32.3m for the six months ending September 30, an increase of £9.1m against the same period in 2014.

Further, GB Group has forecast its adjusted operating profit to reach £4.5m, representing a year-on-year increase of 21%, after investing £1.3m during the six months into product and business development.

While the firm is expecting its total revenue growth to reach 39%, compared to 28% last year, around 18% of that will be organic growth.

The firm’s CEO, Richard Law, said: “The team at GBG has achieved another excellent performance in the period, both in terms of our high growth and continuing to lay the strategic groundwork to support our expansion in the UK and globally.”

GB Group’s detailed half-year results are due for release on December 1.

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