Profits Grow For GB Group
By Staff
British age and identity verification firm GB Group has announced its interim financial results for the previous quarter showing revenues for the period up by ten percent year-on-year to £5.27 million.

The Chester-based firm revealed that revenues from its DataAuthentication identity verification business increased by nearly one-third to £2.61 million compared to the same period last year.

The company’s DataIntegrity and DataSolutions identity-based marketing and tracing services generated revenues of £2.66 million, which was down slightly from last year’s £2.83 million, while group profits before taxation amounted to £131,000, which was up from 2007’s £74,000.

For the nine months to December, GB reported that revenues improved by 33 percent to £16.94 million, which included a one-off settlement for licence arrears of £350,000. Profits before taxation and share-based payments for this period improved to £440,000 from a loss last year of £860,000.

Including the value of the settlement, GB stated that its profits before tax and share-based payments increased to £780,000 while its cash balance grew by one million Pounds to £4.3 million.

GB revealed that revenues in January were approximately ten percent ahead of the same period in 2008 and that it is continuing to trade profitably.

Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.