GB Group annual profit rises 66% as performance exceeds upgraded expectations

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Data intelligence specialist company GB Group reported a sharp jump in annual profit as performance exceeded recently upgraded expectations.

For the year ended 31 March 2021, pre-tax profit jumped 66.1% to £34.3 million as revenue increased 9.3% to £217.7 million.

The company declared a final dividend in respect of FY21 declared of 3.4p per share.

'GBG's financial performance in the year was again ahead of original market expectations,' the company said.

The company made a 'good' start to the year with current trading in line with the board's expectations, it added.