GB Group CEO hails ‘substantial international business’ as half-year operating profit hits £5m

Identity data intelligence company GB Group plc (GBG) achieved double-digit profit and revenue growth during the first half of its current fiscal year.

In the six months to September 30 2016, the Chester-headquartered firm said its adjusted operating profit reached at least £5m, up from the previous year’s figure by 11%.

Revenue grew year on year by 16% to £37.5m, with overall organic growth standing at 9%.

GBGs’ CEO, Richard Law, said: “I am pleased with the performance of GBG in the year to date.

“IDscan Biometrics, acquired in June of this year, has settled in well; we continue to expand our business internationally; and we remain very positive about the future prospects for the group.”

He added: “I am pleased that GBG has managed to secure the appointment of Chris Clark as its new CEO, who will join us in April 2017.”

Speaking further, Mr Law said he is “very proud” of the “substantial international business” built by the GBG team during his time as chief exec.

He continued: “I’m confident that Chris will continue the strong progress made to date and lead the group to its next stage of growth and advancement. I will continue as CEO until Chris’s arrival.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.