By Josh White
Date: Tuesday 29 Nov 2022
LONDON (ShareCast) - (Sharecast News) -
The AIM-traded firm said pro forma constant currency revenue was 3.4% higher year-on-year in the six months ended 30 September, at £134.9m.
Adjusted operating profit expanded by 1% over the prior-year period to £28.1m, although its adjusted operating margin contracted by 450 basis points to 21%.
Operating profit tumbled 83% to £2.5m, as GB Group reported a £0.0m loss before tax, compared to a £14.4m profit a year ago.
Adjusted, diluted earnings per share were down 33% at 7.3p, as the company swung to diluted losses of 0.3p per share, from earnings of 5.6p in the first half of the 2022 financial year.
Net assets at period end totalled £889.4m, up 135.2% year-on-year, while the firm swung to net debt of £132.6m from cash of £39.5m 12 months prior.
"Excellent strategic progress has been made across the group over the past six months as we maintain our relentless focus to deliver against our long-term growth strategy, bringing our market leading location, identity and fraud solutions together to address the ever-growing needs of customers in the digital world," said chief executive officer Chris Clark.
"The macro uncertainties have been well publicised, but with world class technology, a diversified blue chip customer base and our strong cash generative business model, the board remains confident in the long-term prospects of the business."
At 1629 GMT, shares in GB Group were down 5.26% at 331.6p.
Reporting by Josh White for Sharecast.com.
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Currency | UK Pounds |
Share Price | 253.00p |
Change Today | 3.00p |
% Change | 1.20 % |
52 Week High | 327.20 |
52 Week Low | 208.40 |
Volume | 461,128 |
Shares Issued | 252.60m |
Market Cap | £639.07m |
RiskGrade | 140 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 5 |
Buy | 4 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 9 |
Latest | Previous | |
---|---|---|
Final | Final | |
Ex-Div | 22-Jun-23 | 23-Jun-22 |
Paid | 03-Aug-23 | 03-Aug-22 |
Amount | 4.00p | 3.81p |
Time | Volume / Share Price |
16:35 | 82,487 @ 253.00p |
16:35 | 2,006 @ 253.00p |
16:35 | 252 @ 253.00p |
16:35 | 2,258 @ 253.00p |
16:35 | 1,416 @ 253.00p |
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