GBG has impressive Q3
Identity management specialist GB Group impressed investors today, saying it expected full year results would be "at least in line with current market expectations".
Identity management specialist GB Group impressed investors today, saying it expected full year results would be "at least in line with current market expectations".
The firm said it had seen a very encouraging progress in the three months to the end of 2011.
Group revenues increased by 20% to £21.2m in GB's third quarter, compared to the same period of 2010.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The lion's share of this rise was due to acquisitions; when this income was excluded, revenue rose by 7% to £19.0m, the company said.
Operating profit for the period doubled to £2.4m compared to the previous year, while excluding the effect of acquisitions, operating profit increased by 84% to £2.2m.
"The strong operational performance reported in the first half has continued and the acquisitions have all integrated well," said Richard Law, the group's Chief Executive Officer.
"I am excited about the future prospects for GB Group and the board remains very confident for the outcome for the year."
The firms shares rose 3% following the announcement.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Which UK region has the most in savings? Average savings by area
The amount people have in their savings differs from region to region in the UK. How does your nest egg compare to those living nearby?
-
Doug and Mary Perkins: Specsavers’ clear-sighted founders
Helped by the deregulation of the sector in the 1980s and brilliant advertising, Mary Perkins and her husband Doug have taken Specsavers to the top of the optometry market