GB Group plc Reports Strong Financial Performance

GB Group plc (GB:GBG) has released an update.

GB Group plc reported a strong first half of the fiscal year with a 4.5% increase in revenue on a constant currency basis, driven by growth in its Identity and Location segments. The company achieved a 21.3% rise in adjusted operating profit to £29.0 million, supported by cost-cutting measures and improved customer retention. Additionally, GB Group successfully reduced its net debt, signaling solid financial management and positioning itself well for future opportunities.

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