GB Group beats expectations
Customer identity specialist GB Group has boosted its dividend after profits came in ahead of market expectations.
Customer identity specialist GB Group has boosted its dividend after profits came in ahead of market expectations.
Pre-tax profits grew by 62% to £2.5m reflecting greater revenues and profit margins.
The firm posted a 31% increase in revenues to £31.8m in the year to the end of March.
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
Earnings per share doubled to 5p and the company pushed its dividend up 7.8% to 1.375p.
"GB Group has again started the new financial year in good shape and is well positioned to capitalise on our quickly developing markets," said Chairman David Rasche
"Although the trading environment and economy remain challenging, we faced similar challenges last year and have prospered."
The numbers were boosted by three successful acquisitions during the year - Data Discoveries, Advanced Checking Services and Capscan - which the company said had added capabilities and customers.
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.
-
8 of the best houses for sale with annexes
The best houses with annexes – from a period property in the Lake District to a 13th-century house with a two-bedroom annexe in Saltwood, Kent
By Natasha Langan Published
-
Zelenskyy moves to appease Donald Trump – what happens now?
Ukraine’s president Volodymyr Zelenskyy is conceding ground to secure the least-worst deal possible, says Emily Hohler
By Emily Hohler Published