Chester identity firm GB ups revenue 39% to £199m

GB Group CEO Chris Clark

Chester-based identity data company GB Group (GBG) said on Tuesday its revenue increased 38.7 % to £199.1 million and profit before tax rose 40% to £20.6 million in the year ended March 31, 2020.

GB said it saw good growth from all geographies and its three core products of Location, Identity and Fraud.

International revenues are now 56% of the GB business.

GB said it is not yet possible to understand the ongoing impact of Covid-19 on the business — so its dividend and guidance remain suspended.

GB Group CEO Chris Clark said “I am extremely proud of our performance in the last 12 months, which saw profit and revenues exceed market expectations.

“This was driven by GBG’s international expansion and innovative product offerings.

“Although it is hard to predict the full impact of Covid-19, we remain well-positioned to support our customers through the current environment and in the longer term.”

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Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.