Chester-based GB Group, which sells global identity fraud and location software, said half-year sales and profit rose and it reiterated its full-year outlook.

The company said revenue rose 3.4% to £136.9 million and adjusted operating profit rose 21.3% to £29 million, helped by strong growth in its dentity and location services, offset by a dip in fraud prevention.

Looking forward, it reiterated its outlook for the full year.

“Trading since the half year end has been in line with expectations and the Board reiterates its FY25 outlook underpinned by the strong progress achieved in the year to date,” the company said. “We continue to expect mid-single-digit revenue growth on a constant currency basis for FY25, which will drive high single-digit growth in adjusted operating profit, given the operational efficiency gains achieved in FY24.”

Dev Dhiman, Chief Executive Officer, said: “We are retaining customers and doing more with them, and our new customer acquisition continues to be strong. Combined with the continued benefit of our group-wide cost and simplification initiatives executed in the prior year, we have delivered a good first half outcome.”

“There is more to be done to drive our reacceleration in organic growth, but I am highly encouraged with our progress to date, and I thank the entire team who have responded with energy and positivity to this challenge. This performance underpins our confidence in reiterating our full year outlook and in GBG over the longer term.”