GB Group’s (GBG) H116 results show strong performance in line with the October trading update. Group revenue rose 39%, aided by organic growth of 18%, with contributions from both of the group’s business segments. Normalised operating profit was up 21% after investing c £1.3m in product and business development capabilities, and diluted EPS after our notional 21% tax charge increased 19%. Revenue from international clients continues to rise strongly, now accounting for 26% o
01 Dec 2015
Solid growth continues; outlook positive
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Solid growth continues; outlook positive
GB Group’s (GBG) H116 results show strong performance in line with the October trading update. Group revenue rose 39%, aided by organic growth of 18%, with contributions from both of the group’s business segments. Normalised operating profit was up 21% after investing c £1.3m in product and business development capabilities, and diluted EPS after our notional 21% tax charge increased 19%. Revenue from international clients continues to rise strongly, now accounting for 26% o