GB Group set to report strong first half

20th Oct 2014 08:37

Identity intelligence specialist GB Group achieved a strong set of first half results, the company revealed in a trading update ahead of the release of its interim figures.Adjusted operating profit rose at least 40% to £3.7m, the group said, attributing the gains to both its organic activities and acquired businesses.Chief executive Richard Law said: "The performance in the first half of the year has been very pleasing across the entire group. "We have maintained our strategy of investing to extend our identity intelligence capabilities together with leveraging the opportunities provided by our increasing global reach."Its DecTech business, which was acquired in April 2014, has been integrated well and is making a "strong contribution" towards group performance, GB added.It also said the proposed acquisition of Transactis, announced earlier this month, further enhances its prospects.Lastly, the firm expects to continue to deliver a strong performance throughout the second half of the year.