GBG profits up to £17m

Chester-based identity data intelligence specialist GBG is forecasting its operating profits will rise 27% to £17m.

In its pre-close trading statement ahead of its results for the year to March 31, listed GB said revenue growth is expected to be 19% of which 12% is organic – an improvement on the 11% organic growth recorded at the half-year stage.

Net cash balances (following the settlement of earn outs on prior acquisitions and the payment of a dividend to shareholders) were £5.2m (2016: £8.7 million).

Chief executive Chris Clark said: “I would like to congratulate and thank the team at GBG, our customers and partners for helping us achieve this result.

“I look forward with confidence to the new year; working with our great team and customers to continue to deliver sustainable growth and shareholder value creation.”

The group’s detailed full year results will be announced on June 6.