Profits at data intelligence specialist GBG double
Identity data intelligence specialist GBG has announced a 101 per cent leap in half-year profits.
Based in Chester, the firm’s adjusted operating profits before tax in the six months leading up to September 30 were £10.4 million, up from £5.2m in the same period last year.
Revenues increased by 40 per cent in the same period, to £52.6m, with £15.9m of that from international markets.
It cited the acquisition of PCA Predict, an expert in address validation services, as a key factor in delivering growth opportunities.
Chief executive Chris Clark said: “I am very encouraged by the progress we have made since April and by the fact that we are on track to meet market expectations for the full year.
“The group continues to perform well, demonstrating the strength of our business and the capability of our people globally.
“With the investments we have made in products, data and technology, we are confident of making further strategic progress in the second half of the financial year.”
GBG is a global specialist in identity data intelligence, helping organisations make decisions about customers they serve and people they employ.