GB Group plc (GB:GBG) has released an update.
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GB Group plc, a leader in identity and location software, has reported a year of strong strategic progress and operational efficiency, with revenue of £277.3 million and adjusted operating profit surpassing market expectations due to accelerated growth in its Identity segment. The company has achieved £10 million in cost savings, enabling investment in product innovation and confirming trading in line with expectations for the first quarter. GBG expects continued revenue growth and operational profitability in FY25, driven by its Identity and Location services, despite a temporary dip in its Fraud segment.
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